1998 (3) TMI 36

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....o file vakalath for the respondent. At the instance of the revenue , the following question of law has been referred to us for our consideration : "Whether, on the facts and in the circumstances of the case and having regard to the provisions of section 37(2B) of the Income Tax Act, the Appellate Tribunal was right in allowing the sum of Rs. 22,666, Rs. 37,175 and Rs. 54,097 as a deduction in t....

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....onsideration to the issue before it and, in the absence of materials, this court held that the reference could not be answered, and, therefore, returned the reference unanswered with a direction to the Tribunal to consider the matter afresh in the light of the observations made by this court. Then the matter went before the Appellate Tribunal and the Appellate Tribunal considered the matter in the....