2002 (10) TMI 803

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..... n referred to us by the Income-tax Appellate Tribunal which read as under : 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in directing the Assessing Officer to exclude the expenditure incurred by the assessee on maintenance of the building owned by the assessee and used by the Managing Director as residence in computing the disallo .....

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..... tion 40(c) of the Act. Following the said decision, we answer the first question of law referred to us in the affirmative in favour of the assessee and against the revenue. 3. As far as the second question of law referred to us is concerned, learned counsel for the Revenue submitted that the said question has to be answered against the assessee and in favour of the revenue in view of the .....

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