1981 (4) TMI 110 - AT - Income Tax

Summary

The CIT, Allahabad, applied under s. 256 of the IT Act, 1961 to refer a question to the High Court regarding the exemption of interest earned by the assessee from Government Securities under s. 80P(2)(a)(i). The Tribunal rejected the application for reference as it found no merit based on previous orders for similar assessment years. The application was rejected.