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1979 (8) TMI 54 - HC - Income Tax
Extract:
....... the ITO and the other tax authorities misdirected themselves in any manner in coming to this conclusion and, therefore, in disallowing the same as a deduction under s. 10(2)(xv) of the Indian I.T. Act, 1922. We, therefore, are unable to interfere with the same and answer the reference against the assessee. The reference is disposed of accordingly.