1999 (2) TMI 25

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..... ion under section 256(1) of the Income-tax Act, 1961, in respect of the assessment year 197374 : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the gross dividend declared by the companies in Ceylon was chargeable to tax and not the net amount after deducting the tax at source and the cost of foreign exchange entitlement certificate ? 2. .....

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..... allowance received by the assessee. In the circumstances, question No. 2 should be read as referring to daily allowance and not the travel allowance. In the present matter, the Tribunal has observed that the head office of Scindia Investments Private Limited, is situated at Bombay and the assessee is ordinarily a resident of Gwalior, and as such he was coming from Gwalior for performing duties of .....

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