Section 256 of ITA, 1961 : Section 256: Statement Of Case To The High Court

Explanation using Example

Imagine a situation where Mr. Sharma, a business owner, receives an order from the Income Tax Appellate Tribunal (ITAT) on September 15, 1998, which contains a decision on his income tax appeal. Mr. Sharma believes that the ITAT's decision involves a significant question of law that needs to be reviewed by a higher court.

Under Section 256(1) of the Income-tax Act, 1961, Mr. Sharma files an application to the ITAT within the prescribed 60-day period, along with the required fee of two hundred rupees, requesting that the question of law be referred to the High Court for consideration.

However, the ITAT declines to refer the...

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