1982 (11) TMI 18 - HC - Income Tax

Summary

The High Court of Madhya Pradesh allowed the application under section 256(2) of the Income Tax Act, 1961. The Tribunal's decision that no genuine firm existed was challenged, and the Court directed the Tribunal to refer the question of law regarding the firm's existence. Each party will bear their own costs. (Case citation: 1982 (11) TMI 18 - Madhya Pradesh High Court)