India Machinery Store(P) Ltd. vs Commissioner Of Income Tax

Whether the High Court's certificate under Section 66A(2) of the Indian Income Tax Act, 1922, without specifying the question of law of great public or private importance, is valid for appeal to the Supreme Court --- Held No. Whether the Tribunal was justified in holding that Rs. 33,000 forms part of the assessable profits of the assessee-company based on the agreement dated 2nd August 1956 --- Held Yes.

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