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1981 (3) TMI 62 - HC - Income Tax
Extract:
.......) of s. 40 of the Act and, therefore, the same could not have been disallowed as revenue expenditure by the ITO is correct and proper. In the circumstances, we answer the question as follows That the said amount would be deductible since it is not covered by the provisions of s. 40(c)(iii) of the Act. The assessee to get the costs from the revenue.