2000 (11) TMI 16

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..... ting the Income-tax Tribunal, Amritsar Bench, Amritsar (for short "the Tribunal"), to refer the following question of law to this court for its opinion: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in upholding the order of the Commissioner of Income-tax (Appeals) to the effect that the amount of Rs. 57,85,000 is in the nature of genera .....

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..... ority to amend the surtax assessment by treating Rs. 57,85,000 as part of the capital. The Tribunal upheld the order passed by the Commissioner of Income-tax (Appeals) and the reference application filed by the Revenue was also dismissed. Shri R.P. Sawhney invited our attention to the order passed by the Tribunal and submitted that the decision of the Supreme Court in CIT v. Elgin Mills Ltd. [19 .....

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