Court : Andhra Pradesh
Decided on : Nov-26-1982
Reported in : (1983)35CTR(AP)87; [1983]144ITR373(AP)
Jeevan Reddy, J.1. The Income-tax Appellate Tribunal has referred the following questions for the opinion of this court, under s. 256(1) of the I. T. Act, 1961 : '1. Whether, on the facts and in the circumstances of the case, the sum of Rs. 2,95,000 has to be taken into account in computing the income of the assessee from business under the provision of section 28 of the Income-tax Act, 1961? ' It the answer to the above question is in the negative : 'Whether, on the facts and in the circumstances of the case, the claim of Rs,. 2,95,000 is covered by sub-rule (j) of rule 6DD, framed under section 40A(3) of the Income-tax Act, 1961? 2. Whether, on the facts and in the circumstances of the case, the sum of Rs. 19,659 incurred as guest expenses is allowable as a deduction? ' 2. The assessee is a private limited company, incorporated in 1965, to carry on business of export of tobacco. Prior to the incorporation, it was a partnership firm consisting mostly of family members. The first direc...
Tag this Judgment!Court : Andhra Pradesh
Decided on : Aug-31-1982
Reported in : AIR1983AP34
..... tenants of agricultural land, and not with regard to matters rlating to transfer, possession or restoration of possession of lands as between owners of the lands and once the owner ship has been transferred to protected tenants and/or certificates issued to them under section 38-e (1) or (2) of the act, the protected tenants cease to be tenants and .....
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