The reason may be that the
<tr>
tag does not host the content directly. A
<tr>
element contains one or more
<th> or <td>
elements as explained here
http://www.w3schools.com/tags/tag_tr.asp[
^]
Try enclosing the following content
<label for="financial year" class="required"><font size="4"><B>Financial Year</B></font></label>
<select id="financial year" name="financial year" size="1" >
<option value="1">2011-2012</option>
<option value="2">2012-2013</option>
<option value="3">2013-2014</option>
<option value="4">2014-2015</option>
<option value="5">2015-2016</option>
</select>
within
<td> </td>
block.