1986 (3) TMI 10

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..... n of this court under section 256(1) of the Income-tax Act: " 1. Whether, on the facts and in the circumstances of the case, Rs. 24,578, being the amount paid by the assessee during the year ending March 31, 1973, towards arrears of tax payable under the Kerala Motor Vehicles (Taxation of Passengers and Goods) Act, 1963, relating to the years 1966-67 to 1968-69, is to be allowed as a deduction i .....

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..... liabilities in the transport business that was being conducted by one Balasubramaniam who was inducted as a partner of the firm with effect from April 1, 1970. The liability for payment of tax under the Taxation of Passengers Act was that of Balasubramaniam who was inducted as a partner of the firm in 1970. Merely for the reason that the assets taken over took in also the liabilities charged on t .....

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