Home /
1979 (10) TMI 124
X X X X Extracts X X X X
X X X X Extracts X X X X
....lowable as a deduction in computing the total income of the assessee from business. 2. The assessee is a company engaged in the manufacture of yarn. The assessee claimed before the ITO that a sum of Rs. 5,48,950 being the sur-tax liability for the company for 1975-76 should be allowed as an admissible expense under s.37 of the Act as according to the assessee the payment was incidental to the car....