1989 (3) TMI 398 - HC - Income Tax

Summary

The High Court of Calcutta in 1989 allowed the claim of the assessee for a deduction of Rs. 1,72,750 in respect of land revenue for the assessment year 1973-74. The Tribunal found that a provision for this liability was rightly made and should be allowed as a deduction. The question posed under section 256(1) of the Income-tax Act was answered in favor of the assessee.