TMI Blog1991 (2) TMI 19X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner seeks reference of the following five questions to this court : " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in upholding the finding of the Commissioner of Income-tax (Appeals) deleting the addition of Rs. 7,72,465 in respect of the under valuation of the closing stock by following their earlier order for the assessm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estment allowance is not admissible on items mentioned in Schedule XI of the Income-tax Act, 1961 ? 4. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in directing that the deduction under section 35B may be allowed on the foreign travel expenses of Rs. 3,49,752 by following their earlier order for the assessment year 1981-82, whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cepted that investment allowance is allowable on the air-conditioning plant. This is for the reason that the air-conditioning is used in the factory. As far as question No. 3 is concerned, the finding of fact is that the computer was used to help the assessee in the manufacture of its products and was not a part of its office equipment. In our opinion, question No. 2 is a question of law. As r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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