TMI Blog1976 (8) TMI 46X X X X Extracts X X X X X X X X Extracts X X X X ..... e Commissioner of Income-tax (Central), Madras, are for a direction to the Income-tax Appellate Tribunal, Bangalore Bench, to state a case and refer the following questions of law said to arise out of the order of the Tribunal made in R. As. Nos. 180 to 183/Bang/1974-75 dated 4th October, 1974 : " 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Appellate Assistant Commissioner. The orders of the Appellate Assistant Commissioner were affirmed by the Tribunal. The Tribunal, in paragraph 4 of its order, has stated that the Income-tax Officer had also accepted the declaration made by the partner, Shri Naraindas Moolchand, to the effect that the interest paid by the firm was to the Hindu undivided family of which Shri Naraindas Moolchand hap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t with the view taken by the Tribunal that there is no referable question of law as section 154 of the Act cannot be invoked where conceivably there can be more than one view and, according to one view, deduction of interest paid to the Hindu undivided family of which the partner is the karta, is allowable. Agreeing with the view of the Tribunal, we dismiss these petitions without costs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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