High Court directs Tribunal to assess value of goods for tax purposes, reducing unexplained investment.

The High Court of Madhya Pradesh directed the Appellate Tribunal to frame a question on the value of goods covered by a bank loan, reducing unexplained investment to 30% of the stocks' value in response to an application under section 256(2) of the Income Tax Act, 1961.

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The High Court of Madhya Pradesh delivered a judgment in response to an application under section 256(2) of the Income Tax Act, 1961. The court framed a question regarding the evidence before the Appellate Tribunal on the value of goods covered by a bank loan, reducing unexplained investment to 30% of the stocks' value. The court directed the Tribunal to state the case for answer.

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