1991 (7) TMI 15

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..... 978-79, the following question of law has been referred to this court : "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in holding that excise duty demand of Rs. 2,71,400 even though disputed and not provided in the account, was an allowable expenditure during the year?" Shortly stated, the facts are that the assessee claimed Rs. 2,71, .....

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..... the Tribunal maintained the finding of the Commissioner of Income-tax (Appeals ) following its earlier order. It appears from the narration of facts that the assessee filed a copy of the petition of appeal before the Appellate Collector of Central Excise against the levy which was made. It has been stated before us by Mr. Khaitan, the learned advocate for the assessee, that the assessee has ultim .....

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