TMI Blog1988 (4) TMI 9X X X X Extracts X X X X X X X X Extracts X X X X ..... ISRANI., J. S. VERMA JUDGMENT This reference under section 27(1) of the Wealth-tax Act, 1957, at the instance of the Revenue, is to answer the following question of law: "Whether, on the facts ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed for decision is covered by the decision of the Supreme Court in CWT v. J. K. Cotton Manufacturers Ltd. [1984] 146 ITR 552. It was held therein that the deductions claimed by the assessee were allow ..... X X X X Extracts X X X X X X X X Extracts X X X X
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