Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2001 (10) TMI 25 - HC - Income Tax"(i) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that amounts of Rs.2,60,142 and Rs.5,403 paid to the employees and officers of the company were admissible revenue expenditure of this year? - (ii) Whether, on the facts and in the circumstances of the case, the amounts of Rs.2,60,142 and Rs.5,404 did not constitute an ex gratia payment by the company?" - both the Commissioner of Income-tax (Appeals) and the Tribunal had recorded findings of fact as to how the payment was made by way of additional bonus on the basis of the decisions taken at the board of directors' meeting. It was also noticed that the payment was made after due sanction and on the basis of the norms prescribed by the Bureau of Public Enterprises. The findings are essentially factual giving rise to no question of law.
|