1990 (8) TMI 37

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..... ion to the Income-tax Appellate Tribunal to refer to us certain questions which are set out in the application. Rule, however, has been issued only in respect of question No. 1 in R. A. No. 2611/(Bom) of 1984. This question is as follows: "Whether, on the facts and in the circumstances of the case and in law, the Tribunal was correct in holding that tyre-cord manufactured by the assessee was an ' .....

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..... automobile ancillary and that it could not be said that the Tribunal's conclusion was without evidence or was perverse. The court had also relied upon a decision of the Supreme Court in the case of CIT v. Nirlon Synthetic Fibres and Chemicals Ltd. [1981] 130 ITR 14. For the same reasons, we also feel that no purpose will be served in these circumstances by making the rule absolute. In the premise .....

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