1979 (9) TMI 17 - HC - Income Tax

Summary

The High Court of Bombay rejected an application under s. 256(2) of the Income Tax Act, 1961 concerning a weighted deduction of commission paid by an assessee to Tata Exports Ltd. The Tribunal's decision was upheld as no question of law arose from their findings of fact based on evidence. The application was rejected and the rule discharged with costs.