Against the said order, the Revenue preferred a Reference Application before the Income Tax Appellate Tribunal under Section 256 1 of the Act, which referred two questions of law to the High Court.
Aggrieved by the said order, the Revenue preferred an appeal before the Income Tax Appellate Tribunal, which companyfirmed the aforesaid order of the Commissioner Appeals by its judgment and order dated 15.04.1998.
22,87,512/ was disallowable under Section 43B of the Income Tax Act hereinafter referred to as Act since it was number actually paid before the expiry of the relevant previous year.
Against this, the assessee preferred an appeal before the Commissioner of Income Tax Appeals , who, by his order dated 24.05.1993, deleted the disallowance under Section 43B and allowed the appeal of the respondent assessee.
15,84,398/ .
On 30.04.1993, the assessing officer companypleted the assessment for the year 1990 1991 and inter alia companyfirmed disallowance of the vend fee.
F. NARIMAN, J. The respondent assessee is engaged in the manufacture and sale of foreign liquor and sugar.
The assessee filed its return of income for assessment year 1990 1991 declaring an income of Rs.
