1994 (2) TMI 43 - HC - Income Tax

Summary

The High Court dismissed the writ petition challenging the Income-tax Appellate Tribunal's order declining to stay the recovery of Rs. 2.10 crores from a cooperative society. The Tribunal found that the amount added to the taxable income was used to circumvent tax provisions. The petitioner argued a good prima facie case based on a previous Tribunal decision, but the Court found no grounds for interference.