Income-tax Appellate Tribunal Directed to Refer Question of Law

The High Court held that the Income-tax Appellate Tribunal erred in rejecting the Revenue's application to refer a question of law under section 256 of the Income-tax Act, 1961. The Tribunal was directed to refer the question for adjudication.

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The High Court held that the Income-tax Appellate Tribunal was not justified in rejecting the Revenue's application for making a reference to the court under section 256 of the Income-tax Act, 1961. The Tribunal should refer the question of law raised by the Revenue for adjudication.

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