High Court orders Tribunal to refer legal questions on interest, salary, depreciation, and more under Income-tax Act

The High Court of Allahabad directed the Tribunal to refer questions of law arising from its order on interest payment, revision of salary, depreciation, loss on sale of a vehicle, and consideration of empty bottles under section 256(2) of the Income-tax Act, 1961.

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The High Court of Allahabad heard an application under section 256(2) of the Income-tax Act, 1961. The court found that questions of law arose from the Tribunal's order regarding interest payment, revision order on salary, depreciation, and loss on sale of a vehicle, and consideration on empty bottles. The Tribunal was directed to refer these questions to the court. (Case citation: 1995 (8) TMI 56 - Allahabad High Court)

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