1999 (2) TMI 18 - HC - Income Tax

Business Expenditure Disallowance Accrual Of Income Interest On Securities Treasury Bills

Summary

The High Court of Delhi addressed various questions of law related to income tax, perquisites, expenses, and taxation of income. The court cited relevant judgments to answer each question, ultimately ruling in favor of the Revenue on some issues and in favor of the assessee on others. The reference was disposed of with no order as to costs.