2006 (8) TMI 148

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....nt of Rs. 2,75,000 received by the assessee was not its income and should have been deleted ?" 2. The reference relates to the assessment year 1983-84. 3. Briefly stated the facts giving rise to the present reference are as follows. 4. The respondent assessee is a co-operative society and had a number of branches and carried on sale and purchase of various commodities. During the assessment year, the assessee, co-operative society received a sum of Rs. 2,75,000 from the Government of Uttar Pradesh for disbursement to its bhandars to meet the expenses of the salary of certain employees of those bhandars, which otherwise were not viable units. The respondent-assessee, accordingly, distributed the various amounts to its bhandars in co....

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.... the disallowance in para. 12.2. observing as under : '12.2. I have carefully considered these submissions and find them to be quite justified, The appellant has filed a copy of the CO. issued by the Joint Secretary, U. P. Admn. No. 2000/12/I/189, 90 wherein a sum of Rs. 2,75,000 had been placed at the disposal of the appellant for disbursement to various bhandars to meet the salary bills of the managers and secretaries. The appellant has also placed on my record instructions issued to the bank for disbursement of certain amounts to various bhandars spread over the State of U. P. Since the appellant was actually acting as per one instructions of the Government for the disbursement of amounts to the bhandars, the amount in quest....