1995 (2) TMI 56

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..... d the following two questions of law said to arise out of the order of the Tribunal for the assessment year 1978-79 for our opinion under section 256(1) of the Income-tax Act, 1961 : " 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is correct in allowing the assessee's claim for investment allowance under section 32A of the Income-tax Act, 1961 ? 2. Wheth .....

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..... allowing the deduction under guarantee commission as revenue expenditure, the Tribunal followed a decision of this court in Sivakami Mills Ltd. v. CIT [1979] 120 ITR 211. Inasmuch as the Tribunal has followed a decision of this court while holding that the assessee is entitled to deduction of guarantee commission, we consider that no referable question of law arises out of the order of the Tribun .....

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