1995 (2) TMI 20

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....ee, the Tribunal referred the following common question for our opinion : Whether, on the facts and in the circumstances of the case, the Tribunal was right in disallowing a sum of Rs. 60,000 during 1977-78 and Rs. 55,000 during 1978-79 as representing the pension paid to the widow of Anantharamakrishnan in computing the income of the assessee-company The assessee is a company whose shares w....

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.... employee. On appeal, the Commissioner of Income-tax (Appeals) upheld the order of the Income-tax Officer. On further appeal, the Tribunal confirmed the disallowance made by the authorities below. A similar question came up for consideration in the case of Amalgamations(P.) Ltd. v. CIT [1995] 214 ITR 396 (Mad) in Tax Cases Nos. 1109, 1110 and 1180 of 1979 for the assessment years 1969-70 to 197....