With special leave granted by this Court, these two appeals have been preferred by the Commissioner of Incometax.
Appeals by special leave from the judgment and order dated October 5, 1963 of the Patna High Court in Misc.
Narasaraju, S. K. Aiyar, R. N. Sachthey and B. D. Sharma, for the appellants in both the appeals .
C. Chagla and U. P. Singh, for the respondent in, both the appeals .
575 and 576 of 1966.
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
The Income tax Officer, Hazaribagh, allowed the claim for interest as a permissible deduction and disallowed the rest.
Judicial Cases Nos.
The Income tax Officer allowed the claim for interest and disallowed the rest of the claim.
1,956 as interest paid by him.
For the assessment year 1956 57 the respondent declared Rs.
But the Income tax Appellate Tribunal set aside the orders passed by the Income tax Officer and remanded the cases for examination of the nature of expenditure claimed to have been incurred by the respondent.
In the view of the Income tax Officer since the respondent did number carry on any independent business, the amount, except interest, were number claimable by the respondent on his own account if at all, the amounts should have been claimed as business ex incurred in the accounts of the four firms.
19,380 as admissible deduction on various grounds including Rs.
1274 and 1275 of 1960.
53,540 as his share of the profits in the four firms and claimed an aggregate amount of Rs.
The Appellate Assistant Commissioner companyfirmed the orders of the Income tax Officer.
