Commissioner Of Income-Tax vs Gujarat State Warehousing Corporation ...

The Supreme Court held that the High Court erred in dismissing the application under Section 256(2) of the Income-tax Act, 1961, as a question of law arose regarding the exemption claim under Section 10(29) for certain income. The Court directed the Income-tax Appellate Tribunal to refer the question to the High Court for consideration, establishing that the Tribunal had committed an error in refusing to make a statement of case. The outcome was a directive for the Tribunal to act accordingly.