2001 (2) TMI 14 - SCH - Income Tax

Whether Tribunal was justified in law in upholding the decision of the learned Commissioner of Income-tax (Appeals) deleting the addition of Rs. 3, 12, 589 even when the decision relied on by the Commissioner of Income-tax (Appeals) were not accepted by the Department and R.A. under section 256(2) stood admitted by the High Court for the assessment year 1986-87 on the issue under consideration - High Court directed to hear the issue on merits.

Summary

The Supreme Court granted leave in the case where the High Court declined to entertain an appeal regarding the deletion of an addition in income tax assessment. The High Court's decision was set aside, and the appeal was restored to be heard on merits along with income-tax references.