1994 (12) TMI 2

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..... Income-tax Appellate Tribunal, Hyderabad, the second respondent herein. The petitioner is a registered firm dealing in liquors. The question was whether certain income-tax deductions were admissible or not. Before the Division Bench of the Income-tax Appellate Tribunal, consisting of two members, namely, Sri K. S. Viswanatham and Sri K. Chathurvedi, the dispute was confined to two items, viz., (i .....

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..... ems. On the question concerning Rs. 3,50,644, the order of the Special Bench went in favour of the assessee, and, as regards the item concerning Rs. 13,58,390, the decision went in favour of the Department. After perusing the reference order of the Division Bench and the order of the Special Bench, we are convinced that the order of the Special Bench is clearly unsustainable in law. When the mat .....

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