jagdish swarup solicitor general s. t. desai s. k. aiyar r. n. sachthey and b. d. sharma for the appellant in c. as.
during the assessment years 1952 53 1953 54 and 1954 55 the assessee which is a public limited company spent rs.
1241 and 1351 to 1353 of 1968 b. ahuja r. n. sachthey and b. d. sharma for the appellant in c. a. number 1897 of 1968 .
the judgment of the companyrt was delivered by grover j. these appeals from a judgment of the calcutta high companyrt have been brought by certificate under s. 66a 2 of the indian income tax act 1922 hereinafter called the act and involve a companymon question namely whether the law charges incurred in companynection with the proceedings before the investigation companymission were an allowable deduction in computation of the profits of the business of the assessee.
appeals from the judgments and orders dated march 3 1967 february 9 1968 and june 28 1967 of the calcutta high court in income tax reference number.
136 of 1962 154 of 1964 and 54 of 1963 respectively.
his order was upheld by the appellate assistant companymissioner and the appellate tribunal.
the tribunal submitted a companymon statement of the case and referred the following question to the high companyrt whether on the facts and in the circumstances of the case the tribunal was right in holding that the law charges incurred in companynection with the proceedings before the investigation commission were number allowable deductions in computation of the profits of the business either under s. 10 1 or under 10 2 xv of the income tax act 1922?
1351 to 1353 1897 and 1241 of 1968.
these expenses which were termed as general expenses were claimed by the assessee as deduction under s. 10 2 xv or in the alternative under s. 10 1 of the income tax act 1922 hereinafter called the act.
sen a. c. mitra n. r. khaitan o. p. khaitan p. maheshwari and krishna sen for respondent in c. as.
krishna sen n. r. khaitan o. p. khaitan and b. p. maheshwari for respondent in c.a.
number.
civil appellate jurisdiction civil appeals number.
1351 1353/68 may be stated.
the facts in the first batch of appeals i.e. c. as.
3810/ 142377/ and rs.
number.
242688/ for representing its case before the investigation companymission relating to the past assessment years 1941 42 to 1947 48.
1351 to 1353 and 1897 of 1968 .
the income tax officer disallowed the claim.
number 1241 of 1968.
thereupon the assessee moved the tribunal under s. 66 1 of the act to state the case and refer the question of law arising out of its order.
