1980 (9) TMI 15 - HC - Income Tax

Summary

The High Court of Madhya Pradesh dismissed the Revenue's application under s. 256(2) of the I.T. Act, finding no question of law arising from the Tribunal's order. The Court held that the issues reopened by the ITO were debatable and that the assessee was not given a reasonable opportunity to respond. The Court rejected the Revenue's applications and ordered no costs.