1983 (7) TMI 28 - HC - Income Tax

Summary

The High Court of Madhya Pradesh rejected an application under s. 256(2) of the I.T. Act, 1961 regarding penalty imposed on an assessee for non-disclosure of income from contract receipts. The court held that the questions raised were not questions of law and rejected the application. The parties were ordered to bear their own costs. (Case citation: 1983 (7) TMI 28 - Madhya Pradesh High Court)