LAWS(MAD)-1994-11-31

COMMISSIONER OF INCOME TAX Vs. AMALGAMATIONS LIMITED

Decided On November 08, 1994
COMMISSIONER OF INCOME TAX Appellant
V/S
AMALGAMATIONS LTD. Respondents

JUDGEMENT

(1.) Tax Case No. 1012 of 1981 :

(2.) AT the instance of the Revenue, the following questions of law have been referred to this Court under s. 256(1) of the IT Act, 1961, by the Tribunal, Madras, for its opinion :

(3.) OF the two questions, however, which need answer for the asst. yrs. 1969-70, 1970-71 and 1971-72, the main is, "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the estate duty paid by the assessee-company in respect of the properties which passed on the death of Sri Anantharamakrishnan was an admissible deduction under s. 37 of the IT Act, 1961?"