9911796707
TMI Blog1987 (8) TMI 23X X X X Extracts X X X X X X X X Extracts X X X X ..... the Revenue. The matter relates to the assessment year 1975-76. The petitioner prays that the following two questions of law formulated in para. 8 of the original petition may be directed to be referred to this court for decision by the Appellate Tribunal: "(i) Whether the Tribunal was right in law in confirming the disallowance of a part of the remuneration paid to the managing director ? (i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t praying that the two questions of law formulated in para. 8 of the original petition may be referred to this court for decision. Two other questions were also formulated for reference. The Appellate Tribunal referred questions Nos. 3 and 4 but refused to refer questions Nos. 1 and 2 which are formulated in para. 8 of the original petition. Thereafter, the petitioner/assessee has filed this origi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the view that question No. 1, formulated hereinabove, is not referable question of law. The second question is regarding the disallowance of a sum of Rs. 2,01,788 being the loss on shortage of sulphur. The Appellate Tribunal, on the basis of materials on record, came to the conclusion that the claim of loss on shortage of sulphur should be restricted to 2.5% of the total sulphur handled. The fi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
