1997 (1) TMI 16

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....f the assessee, the Appellate Tribunal has referred the following common questions of law for the opinion of this court under section 256(1) of the Income-tax Act, 1961 : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the remuneration paid to W. A. Watts E.O., Austin and others is not allowable as a business expenditure ? 2. Whether the....

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....IT v. Amalgamations (P.) Ltd. [1977] 108 ITR 895, we answer the first question referred to us in the affirmative and against the assessees. In so far is the second question of law is concerned the issue relates to the deduction' of the pension paid to one Mrs. Valli Anantharamakrishnan as a business expenditure. Mr. P. P. S. Janarthana Raja, submitted that this court in the assessee's own case ....