TMI Blog1968 (12) TMI 6X X X X Extracts X X X X X X X X Extracts X X X X ..... any question of law - - - - - Dated:- 10-12-1968 - Judge(s) : T. P. MUKHERJEE., V. G. OAK. JUDGMENT The judgment of the court was delivered by V. G. OAK C.J.-These are three connected applications under section 256(2) of the Income-tax Act, 1961. Messrs. Ram Achal Ram Sewak, Akbarpur, are the assessees. The Income-tax Officer, Faizabad, noticed that the assessees had made deposits in a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ner of Income-tax, U.P., maintained that no such set-off was permissible in law. He applied for a reference to the court. The application was dismissed by the Tribunal. The Commissioner of Income-tax, U.P., has, therefore, filed the present applications under section 256(2) of the Act. The short question raised in the present applications is whether the deposits made by the assessees in various ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the extra profit added for the period of 13 years exceeded the total of the bank deposits. The Tribunal made deductions on account of certain marriage expenses and domestic expenses. After making allowance for those expenses, the Tribunal concluded that the sum of Rs. 48,856 was available to the assessee for making deposits in the banks. This approach of the Tribunal does not disclose any erro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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