1986 (3) TMI 10

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....tax Appellate Tribunal, Cochin Bench, has referred the following questions for the decision of this court under section 256(1) of the Income-tax Act: " 1. Whether, on the facts and in the circumstances of the case, Rs. 24,578, being the amount paid by the assessee during the year ending March 31, 1973, towards arrears of tax payable under the Kerala Motor Vehicles (Taxation of Passengers and Go....

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....s (Taxation of Passengers and Goods) Act arose when the assessee firm took over the assets and liabilities in the transport business that was being conducted by one Balasubramaniam who was inducted as a partner of the firm with effect from April 1, 1970. The liability for payment of tax under the Taxation of Passengers Act was that of Balasubramaniam who was inducted as a partner of the firm in 19....