1995 (3) TMI 35

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....uested this court to direct the Tribunal to refer the following question of law said to arise out of the order of the Tribunal for our opinion under section 256(2) of the Income-tax Act, 1961: " Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure of Rs. 17,769 was not an allowable deduction under section 57(iii) of the Income-tax Act,....

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.... of Income-tax following the decision of the Allahabad High Court in the case of CIT v. Rampur Timber and Turnery Company Ltd. [1981] 129 ITR 58, allowed these expenditure as deductions under section 57(iii) of the Act. Aggrieved, the Department filed a second appeal before the Tribunal. The Tribunal, following the decision of the Supreme Court in the case of Vijaya Laxmi Sugar Mills Ltd. v. CIT [....