1990 (12) TMI 5

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..... n 66(1) of the Indian Income-tax Act, 1922. (see CIT v. T. Stanes and Co, Ltd. [1976] 105 ITR 251, 257) : "Whether, on the facts and in the circumstances of the case, the assessee would be entitled to claim as deductions the sums of Rs. 13,789, Rs. 16,587, Rs. 31,454, Rs. 44,622, Rs. 12,907 and Rs. 15,570 respectively, for the assessment years 1959-60 to 1964-65, or any part thereof under section .....

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..... lowable deductions." We have heard learned counsel for the parties. We have been taken through the reasoning of the High Court on the basis of which the above quoted answer was rendered. We see no infirmity in the same. There is, thus, no ground to interfere with the High Court judgment. The appeals are dismissed with no order as to costs. Civil Appeals Nos. 3903-07 of 1983, 3897-3901 of 1983 I .....

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