1987 (11) TMI 12

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...., 1961 (hereinafter referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows The petitioner is a partnership firm and assessed to income-tax in the status of a registered firm. The assessment year in question is 1984-85 for which the relevant accounting year ended on November 4, 1983. While framing the assessment for the assessment year 1984-85, the....

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....present application. Having heard learned counsel for the parties, we have come to the conclusion that the following question of law does arise out of the order passed by the Tribunal: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in, holding that a sum of Rs. 2,854 collected from the customers on sales tax account at the end of the accounting....