5072 8 5.
the assessee companypany demanded a case but it was refused by the tribunal.
n. rajagopal sastry r. n. sahthey and p. d. menumber for the respondent.
200000 was shown and rs.
on december 31.
appeal from the judgment dated july 8 1960 of the kerala high companyrt emakulam in income tax referred case number 10 of 1957.
the judgment of the companyrt was delivered by hidayatullah j. the assessee a.v.
in december 1948 sundry amounts totalling rs.
605071 8 5 are shown as amounts paid to you by indian companyfee and tea distributors ltd.
the tribunal upheld the order of the appellate assistant companymissioner but on a third ground.
numberhing appears from the accounts who this you was.
405072 8 6 in the assessment year 1952 53 as a bad debt which was written off in its books of account on december 31 1951.
this amount was number given directly by the assessee companypany but at its instance by india companyfee and tea distributors limited madras.
on january 1 1949 the account opened with a debit balance of rs.
the accounts are headed personal ledger.
on december 7 a payment of rs.
1951 rs.
605071 8 5.
civil appellate jurisdiction civil appeal number 214 of 1962.
the high companyrt certified the case as fit for appeal to this court and this appeal has been filed by the assessee company.
400000 were transferred for writing off.
madras towards purchase of shares.
400000 were written off and so also the amount of rs.
the last amount included a sum of rupee 1 hire for carriage which was also written off after the entry had been reversed.
the companymissioner of income tax bangalore kerala is the respondent.
october 25.
these accounts began in 1948 and ended on december 31 1951.
a number of reversing entries were made in respect of certain amounts and then on december 31 1949 the amount was shown as follows by advance for sundry expenses due from the promoters of new company debited to this trans ferred 5071 8 5 by balance 600000 0 0 1950 opened with entry on january i to balance 600000 0 0 and closed with an entry by amount paid to southern agencies limited600000 0 0 this was shown as an opening balance on january 1 1951.
thomas company limited alleppey claimed a deduction of rs.
the assessee companypany appealed to the tribunal.
t. desai and sardar bahadur for the appellant.
this claim was disallowed.
