1986 (7) TMI 58

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....n under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows The assessee is a firm carrying on business in paper and other goods criminal case was instituted against the partners of the assessee-firm under section 114 of the Defence of India Act. The accused pleaded guilty and the court....

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....d on the decision, CIT v. Malwa Vanaspati & Chemical Co. Ltd. [1982] 135 ITR 221 (MP). Having heard learned counsel for the Revenue, we are satisfied 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 disallowing the addition of Rs. 28,000 made by the Income-tax Officer ....