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1970 (8) TMI 9 - SC - Income Tax
Annuity to trustees - amount wholly and exclusively expended for the purpose of its business - whether the payments "constituted 'expenditure' within the meaning of that word in section 10(2)(xv) - High Court was in error in refusing to allow the argument to be raised that the requirements of section 10(2)(xv) were not satisfied, and the expenditure on that account was inadmissible.