2004 (12) TMI 34

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....on 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), for the opinion to this court: "Whether, on the facts and in the circumstances of the case, the hon'ble Tribunal was legally right in deleting the addition of Rs. 13,543 made by the Income-tax Officer under section 43B of the Income-tax Act, 1961?" The reference relates to the assessment year 1984-85. The responden....

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....t the collections made in the month of March are towards the statutory duty during the month of March, 1984, which was to be paid over to the Government in the month of April in accordance with the relevant statutory rules. The Board Circular No. 372 dated December 8, 1983, (see [1984] 146 ITR (St.)9), provides that in respect of the amounts which a collected in the month of March on the last date....