2002 (8) TMI 34

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....the instance of the Revenue. The assessment year is 1981-82. The question referred is: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the entire sum of Rs. 2,28,907 being the vehicle tax demanded by the Regional Transport Office was an admissible deduction in the computation of the assessee's income- for the assessment year 1980-81?" ....

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.... decision of this court in the case of CIT v. East India Corporation Ltd. [1986] 159 ITR 712. In addition to the decision of this court referred to by the Tribunal, counsel for the assessee also relied on the Supreme Court decision in the case of Kedarnath Jute Manufacturing Co. Ltd. v. CIT [1971] 82 ITR 363. The apex court in that case upheld the deduction claimed by the assessee for the amoun....