1986 (7) TMI 58

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..... referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows The assessee is a firm carrying on business in paper and other goods criminal case was instituted against the partners of the assessee-firm under section 114 of the Defence of India Act. The accused pleaded guilty and the court imposed a fine of Rs. 28,000. For the assessment year 1976-77, th .....

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..... ] 135 ITR 221 (MP). Having heard learned counsel for the Revenue, we are satisfied that the following question of law does arise out of the order passed by the Tribunal "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in disallowing the addition of Rs. 28,000 made by the Income-tax Officer as it represented fine imposed by the court for contravention of pro .....

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