1982 (2) TMI 98 - AT - Income Tax

Summary

The CIT, Bombay City III, filed an application u/s 256(1) of the IT Act, 1961 to refer a question of law regarding the deductibility of Rs. 51,000 paid to Taj Mahal Hotel for a film celebration. The Tribunal held that the expenditure was allowable based on established customs in the film business and previous decisions. The application was rejected as no question of law arose. The decision was in line with the Bombay High Court ruling.