1979 (7) TMI 85

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....INGH J.--The Income-tax Appellate Tribunal, Delhi Bench 'A', has, at the instance of the assessee, 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 justified in not allowing the alleged loss of Rs. 30,000 ? " The assessee runs a cold storage, and in its return for the year 1966-67, it had deb....

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....y stamped. The matter was then brought to this court, which sent it back to the trial court with a direction that the court should levy the appropriate stamp duty and penalty, and ask the plaintiff to make good the deficiency. It also appears from the statement of the case that the assessee contemplated taking up the matter before the Supreme Court, when this question was being considered by the T....

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....uturo, as it is only contingent. Similarly, in the case of CIT v. Swadeshi Cotton and Flour Mills P. Ltd. [1964] 53 ITR 134 (SC), dealing with a case where an award for bonus for earlier years was made in a subsequent year, it was held that deduction for the amount of bonus under the award could be allowed only in the previous year in which the award was given. These cases exemplify the principle ....