1980 (10) TMI 21

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..... Act "). The applicant-assessee is a partnership firm registered under the Act. For the assessment year 1972-73, for which the accounting period ended on 31st December, 1971, the assessee contended that the amount of Rs. 26,271, which was paid by the assessee to the employees of Raj theatre on account of retrenchment compensation payable under the provisions of the Industrial Disputes Act, 1947, .....

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..... come of the firm for the assessment year 1972-73. The application is, therefore, allowed, and we direct the Tribunal to state the case and refer the following question of law to this court for its opinion : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the expenditure amounting to Rs. 26,271 incurred by the assessee on account of retrenc .....

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