9911796707
TMI Blog2000 (1) TMI 6X X X X Extracts X X X X X X X X Extracts X X X X ..... its order dated November 25, 1994, for the assessment year 1984-85. "Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the raid expenses is allowable under section 37(1)?" The facts as stated by the Tribunal are that the assessee had done arrack business in the previous year relevant to the assessment year 1984-85. The assessee had incur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ss had been established. The assessee went on appeal to the Tribunal and the Tribunal upheld the contention of the assessee and allowed 50 per cent. of the raid expenses relying on the decision of the Tribunal in I.T.A. No. 818/Bang of 1989, dated October 3, 1994, in the case of Sri A.J. Shetty Family Trust. It is submitted that the raid conducted by the Excise Department was on the basis of il ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tribunal has allowed only 50 per cent. of the expenses. The argument of both learned counsel for the parties heard. The assessee is no doubt engaged in the business of vending of arrack. In order to run the business effectively the activities of illicit manufacture and sale which were affecting the trade of the assessee were to be checked and certain expenses were incurred for arranging raids ..... X X X X Extracts X X X X X X X X Extracts X X X X
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