1977 (4) TMI 17 - HC - Income Tax

Summary

The High Court of Allahabad dismissed the application under sub-section (2) of section 256 of the Income-tax Act, 1961. The Tribunal had discretion to register a firm for the assessment year 1968-69. The Tribunal revised the Income-tax Officer's decision, exercising its own discretion. The Tribunal had sufficient material to make its decision. The application was dismissed, and each party was directed to bear their own costs.