High Court directs Tribunal to provide statement of case on law questions from Commissioner's order under Income-tax Act.

The High Court directed the Income-tax Appellate Tribunal to provide a statement of the case on questions of law from the Commissioner of Income-tax's order under section 263 of the Income-tax Act, 1961. The Tribunal's assessment of the market value of plant and machinery was challenged for lacking adequate evidence.

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The High Court of Allahabad directed the Income-tax Appellate Tribunal to submit a statement of the case regarding the questions of law arising from the order passed by the Commissioner of Income-tax under section 263 of the Income-tax Act, 1961. The Tribunal's finding on the market value of plant and machinery was questioned for doubting without sufficient material.

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