1981 (10) TMI 73

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..... h March, 1981 in ITA No. 123/ASR/79 (asst. yr. 1975-76): "Whether on the facts and in the circumstances of the case, the amounts of Rs.1,01,547 and Rs. 4,000 are deductible from the assessee's business income computed for the asst. yr. 1975-76 either under s. 37 or under s. 28(1) of the IT Act, 1961?" In as much as, in our opinion, no referable question of law arises, we decline the Commr.'s .....

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..... ecisions of the Hon'ble Supreme Court and in such view of the matter granting the Commr.'s reference request is considered unnecessary litigation: Mahalakshmi Sugar Mills Co. vs. CIT (1980) 16 CTR (SC) 198 :(1980) 123 ITR 429 (SC), CIT vs. Piare Singh (1980) 17 CTR (SC) 111 : (1980) 124 ITR 40 (SC). In view of the above Supreme Court Judgments, we decline the reference request. 3. Reference app .....

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