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The High Court of Allahabad rejected an application under section 256(2) of the Income-tax Act, 1961, where the assessee questioned the estimation of turnover at Rs. 4,00,000 instead of Rs. 1,99,362. The court found that the assessing authority's reliance on an inspector's report for a different assessment year was not wholly irrelevant, and thus, the application was rejected. (Case Citation: 1995 (12) TMI 43 - ALLAHABAD High Court)
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