1987 (6) TMI 15

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.... the following two questions of law have been referred by the Income-tax Appellate Tribunal for the decision of this court : " 1. Whether, on the facts and in the circumstances of the case, the assessee is entitled to claim deduction of the tax, admittedly payable for previous years but not paid, in the accounting year in which it is paid ? 2. Whether, on the facts and in the circumstances o....

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.... as it related to the tax for the earlier years amounting to Rs. 19,567. It was upheld by the Appellate Assistant Commissioner. But, in second appeal, the Appellate Tribunal held that the assessee's claim should be allowed. Thereafter, the Revenue filed an application under section 256(1) of the Income-tax Act for referring certain questions of law for the decision of this court. It was rejected. ....