| Citation(s) |
|---|
| 1999 SLG 462 1999 SLD 462 1999 PTD 3163 (1999) 236 ITR 304 (1999) 80 TAX 256 |
Supreme Court of India
C. A. No 642 of 1979, decision dated: 6-02-1996
S. P. BHARUCHA AND B. N. KIRPAL, JJ
B. B. Ahuja, Senior Advocate (S. N. Terdol and S. Rajappa, Advocates with him) for Appellant. H. S. Parihar for
Respondent.
C. A. No 642 of 1979, decision dated: 6-02-1996
S. P. BHARUCHA AND B. N. KIRPAL, JJ
B. B. Ahuja, Senior Advocate (S. N. Terdol and S. Rajappa, Advocates with him) for Appellant. H. S. Parihar for
Respondent.
COMMISSIONER OF IncomE tax
VS
ALLIED CHEMICALS CORPORATION
Law: Income Tax Act, 1961
Section: 57,256
Income-tax-----Reference---Other sources---Deductions---Loss arising at time remittance of money to assessee whether deductible---Question of law--¬Indian Income Tax Act, 1961, 9s.57 & 256. Held, that the question whether the Tribunal was justified in holding that the amount representing a loss that arose to the assessee at the time of remittance of money to it was an allowable deduction under section 57(i) of the Income Tax Act, 1961, was a question of law. ORDER This is an appeal by special leave against the order of the High Court at Bombay, rejecting an income-tax application filed by the Revenue. The Revenue, by the Income-tax application, asked the High Court to direct the Income-tax Appellate Tribunal to refer to it, under section 256(2) of the Income Tax Act, 1961, the following question: "Whether, on the facts and in the…
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492