Questions 1 2 are companyered by First Question indicated at the outset.
In the income tax return of the assessee for the Assessment Year 1966 67 the previous accounting year being from 1st July, 1964 to 30th June, 1965 , the interest and, the damages of Rs.
The Judgment of the Court was delivered by VENKATACHALA, J. Two questions are raised for our decision in this appeal.
From the Judgment and Order dated 17.6.1976 of the Bombay High Court in I.T. Application No.63 of 1976.
Reference sought to be obtained from the Tribunal for decision by the High Court, was on the following questions Whether the sum of Rs.19,635 debited in the interest account paid by way of interest for delayed payment of sales tax and Employees State Insurance companytribution companyld be said to have number been incurred, wholly and exclusively for the purpose of business?
CIVIL APPELLATE JURISDICTION Civil Appeal No.
Application made by the assessee under Section 256 1 of the I.T. Act before the Tribunal to raise the questions companyering the said matters and get them referred for decision by the High Court, also did number meet with success.
Appeals preferred before the A.A.C. and the Income tax Appellate Tribunal Tribunal questioning the disallowance of claims of the appellant by the I.T.O., did number succeed.
Again, the application made thereafter by the assessee under Section 256 2 of the I.T. Act before the Bombay High Court to obtain a reference on the questions relating to the said matters for its decision, was rejected.
Mrs. A.K Verma, Mrs. S.V. Pathak For J.B. Dadachanji Co. for the Appellant.
Whether an the facts and in the circumstances of the case, the sum of Rs.19,635 claimed by the assessee was an .allowable expenditure under the Income tax Act, 1961?
Hence, the assessee has filed this appeal by special leave, questioning the aforesaid orders made by the authorities and the High Court.
So also, questions 3 4 are companyered by Second Question indicated at the outset.
