1982 (1) TMI 2 - SUPREME COURT

The fact that the firm has not claimed the expenditure as its own does not affect the right of the assessee to claim deduction in respect of the amount in question in its assessment proceedings which it is legitimately entitled to do. It is not shown how, in the peculiar circumstances of the case, there is any statutory bar to the claim made by the assessee - decision of the High Court does not call for interference.