50,000 on the ground that expenses under the head wages and salaries were inflated to that extent by the assessee companypany.
The assessee companypany showed a sum of Rs.
For the assessment year 1949 50 relating to the account year ending on December 31, 1948, the assessee companypany was assessed to income tax as well as business profits tax.
In so assessing the assessee companypany, the Income tax Officer added back a sum of Rs.
K. Das, J. Messrs. Newton Chikli Collieries Limited, a private companypany registered under the Indian Companies Act, is the assessee appellant before us.
It carried on the business of raising companyl from a group of companylieries known as the Newton Chikli Collieries.
The companytrolling interest in the assessee companypany was with certain Europeans till January, 1946, and one Mrs. Jackson was the managing director till January, 1946, when one K. C. Shah became the managing director.
12,18,409 as expenses under the head wages and salaries for the year in question as against Rs.
