Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1980 (10) TMI HC This
The High Court of Punjab and Haryana partially allowed a petition to refer a question regarding deduction of seized gold as a business loss under section 69A of the Income-tax Act to the court for its opinion. The court found the first question to be a question of fact and declined to give any direction on it. The Tribunal's decision on the second question was deemed a question of law, leading to the direction to refer it to the court for opinion.
|