9911796707
TMI Blog1986 (2) TMI 3X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, hereinafter referred to as the Tribunal, the following question has been referred for the opinion of this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the sum of Rs. 2,04,006 was an admissible deduction in the computation of the assessee's total income for the assessment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the deficiency to the Government of Rajasthan and that the said Government would have the right to appropriate the security money deposited by the licence-holder against the aforesaid deficiency and further that the said Government may proceed against the movable and immovable properties of the licence-holder and their legal heirs if necessary to recover the shortage. During the aforesaid period o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e question mentioned above for the opinion of this court. We find that this question is wholly covered by the decision of this court in CIT v. Chunnilal Tak (D. B. Income-tax Reference No. 6 of 1978) decided on May 24, 1985 [1986] 160 ITR 617 (Raj). In that case, the following question has been referred for the opinion of this court (at p. 618) : "Whether, on the facts and in the circumstances o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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