235 of 1963 Appeal by special leave from the judgment and order dated August 26, 1963 of the Kerala High Court in Income tax Referred Case No.
against the profits and gains of its business for the assessment year 1960 61 under Sec.
12,873/ being the wealth tax paid during the account year ended 29 2 1960.
B. Pai, T. A. Ramachandran and O. C. Mathur, for the appellant.
V. Viswanatha Sastri, N. D. Karkhanis, R. H. Dhebar and N. Sachthey, for the respondent.
The Company has appealed to this Court with special leave.
10 2 xv of the Indian Income tax Act ?
80,255/ in respect of liability for payment of tax under the Wealth Tax Act 27 of 1957 incurred by the Company for the calendar years 1957 and 1958.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
On the following question referred by the Wealth Tax Appellate Tribunal, Whether on the facts and circumstances of the case, the assessee Company is entitled to a deduction of Rs.
29 of 1962.
The Judgment of the Court was delivered by Shah, J. In companyputing the total earned income of the appellant Company for the calendar year 1959, the Income tax Officer, Trivandrum, disallowed a claim for deduction of Rs.
The order was companyfirmed by the Appellate Assistant Commissioner and by the Appellate Tribunal.
