1988 (8) TMI 28 - HC - Income Tax

Summary

The High Court of Punjab and Haryana directed the Tribunal to refer the question of law regarding the taxability of a refund to the court for its opinion. The question pertained to whether the refund amount was taxable in the hands of the assessee for the assessment year 1978-79 under section 41(1) of the Income-tax Act, 1961.