2008 (1) TMI 937

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..... red for our opinion under Section 256 of Income Tax Act, 1961: 1. Whether on the facts and in the circumstances of the case, whether the Ld. ITAT was justified in holding that Kamla Retreat expenses of ₹ 27,746/- were rightly disallowed 2. On the facts and in the circumstances of the case whether the Ld. ITAT was correct in holding that depreciation on plant and machinery installe .....

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..... os. 1, 2, 3 and 5 are concerned. The reference is returned unanswered in respect of these questions. In so far as question No.4 is concerned, in view of the decision rendered by this Court in ITR 285 of 1987 pertaining to the same Assessee, the question is answered in the affirmative, in favour of the Revenue and against the Assessee. The reference is disposed of accordingly. - - TaxTMI .....

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