1992 (1) TMI 53

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....tax Appellate Tribunal (" the Tribunal for short) has referred to us, for our opinion, the following question "Whether, on the facts and in the circumstances of the case, the sum of Rs. 25,519 was a proper deduction from the total income?" The assessee is a company deriving income by way of licence fees' from its house property. It also carries on a business in utilizing its weighing machine. Th....

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....ess income. The Appellate Assistant Commissioner having confirmed the view taken by the Incometax Officer, the assessee went in appeal before the Tribunal. The Tribunal, following its earlier decision in the assessee's case for the assessment year 1972-73, held that disallowance made by the Income-tax Officer which was confirmed by the Appellate Assistant Commissioner was not justified. According ....