1986 (9) TMI 77 - HC - Income Tax

Summary

The High Court of Allahabad dismissed four Income-tax Applications under section 256(2) of the Income-tax Act, 1961. The applications were filed by the same assessee for different assessment years. Three applications were dismissed as barred by time, and the court ruled that section 256(2) does not apply in such cases. The fourth application, related to the assessment year 1978-79, was also dismissed as no question of law arose from the Tribunal's findings.