1996 (2) TMI 10 - SCH - Income Tax

It is clear that no question of law arises out of the Tribunal s order and the only question involved is a pure question of fact regarding the genuineness of the trust. In the facts of the present case no occasion arose for application of any principle of law at any stage for deciding this question relating to the genuineness of the trust and therefore there was no basis to hold that a question of law arises out of the Tribunal s order

Summary

The Supreme Court allowed the appeal, setting aside the High Court's order and dismissing the Revenue's application under section 256(2) of the Income-tax Act. No costs were awarded.