1996 (12) TMI 8 - SC - Income Tax

Maintainability of appeal - High Court declined to call for the reference on questions - having regard to the fact that the Supreme Court in the case of CIT vs. Shri Arbuda Mills Ltd. squarely dealt therewith, Court shall deem this to be a reference of the questions to the Court itself - hence appeal is maintainable

Summary

The Supreme Court allowed the appeal in a case where the High Court declined to call for a reference regarding the jurisdiction of the Commissioner of Income-tax under section 263 of the Income-tax Act. The court answered the questions raised in the negative and in favor of the Revenue. The appeal was allowed with no order as to costs. (Case citation: 1996 (12) TMI 8 - Supreme Court)