sinha sons at calcutta.
appeal by special leave from the judgment and order dated the 22nd march 1973 of the delhi high companyrt in income tax reference number 65 of 1968.
civil appellate jurisdiction civil appeal number 1235 of 1974.
t. desai and bishambar lal for the respondent.
190092 on account of the said transaction.
the assessee held the remaining 25 share.
the assessee was a partner of a firm of managing agents knumbern as m s. morari lal batra company hereinafter referred to as the managing agency firm which was managing anumberher public limited companypany called m s. bharat carbon ribbon manufacturing company limited hereinafter referred to as the managed companypany .
the facts of the case are these the assessee the respondent herein is a public limited companypany.
c. manchanda j. ramamurthy and miss a. subhashini for the appellant.
at the instance of k. batra who held the major share in the managing agency firm a large sum was advanced by the managed companypany to a firm knumbern as m s. h.k.
the judgment of the companyrt was delivered by venkataramiah j. this appeal by special leave is directed against the judgment and order dated march 22 1973 of the delhi high companyrt in income tax reference number 65 of 1968 made by the income tax appellate tribunal delhi pursuant to an order made by the high companyrt under section 256 2 of the indian income tax act 1961 hereinafter referred to as the act .
when a demand for repayment was made m s. h.k.
