1987 (8) TMI 23 - HC - Income Tax

Summary

The petitioner, a public limited company, sought referral of two questions of law to the court related to income tax assessment for the year 1975-76. The court dismissed the petition as it found no merit in the questions raised regarding the disallowance of remuneration to the managing director and the loss on shortage of sulphur. The court cited a previous decision in a similar case against the petitioner.