1987 (5) TMI 6

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....licant, seeks a certificate from this court that the judgment dated June 24, 1986, delivered in the above income-tax reference involves a substantial question of law and is a fit case for appeal to the Supreme Court. The question of law involved, said to be one of substance, is as follows: "Whether, on the facts and in the circumstances of the case, the Tribunal erred in holding that the excess....

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....ave application field before the Supreme Court from the judgment delivered by the Madras High Court in the case of CIT v. South India Viscose Ltd. [1979] 120 ITR 451, where the same point was involved, was rejected by the Supreme Court on August 2, 1983, as reported. The learned advocate for the applicant contended in reply that the question raised was one of some importance and was likely to r....