1987 (9) TMI 16

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as referred the following question of law for the opinion of this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the sum of Rs. 25,930 was exigible to tax under section 4 of the Income-tax Act, 1961, in the hands of the assessee-firm for the assessment year 1974-75 ? " To appreciate the abovesaid question, the following few facts d....