1988 (1) TMI 25

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..... applications under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as " the Act "). The material facts giving rise to these applications, briefly, are as follows : The assessee is a registered partnership firm carrying on business in cloth. For the assessment years 1972-73 and 1973-74, the assessments were reopened and the Income-tax Officer disallowed payment of commissio .....

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..... ence but those applications were rejected. Hence, the Revenue has filed these applications. Having heard learned counsel for the parties, we have come to the conclusion that the following question of law does arise in these cases : " Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the amount of commission paid by the assessee to M/s. Vallabh T .....

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