1964 (3) TMI 111 - HC - Income Tax

Summary

The Allahabad High Court considered a case where an assessee claimed deduction for expenses of a capital nature included in the cost of repairs to premises rented for business. The Tribunal disallowed the claim, stating the expenditure was capital in nature. The Court found the Tribunal's question did not arise from the case statement and returned the reference unanswered, directing the assessee to pay costs to the Commissioner.