1989 (10) TMI 13

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..... the disposal of M. C. C. No. 783 of 1987. This is an application under section 256(2) of the Income-tax Act, 1961, hereinafter referred to as "the Act". While framing the assessment for the assessment year in question, the Income-tax Officer rejected the claim made by the assessee that the expenditure incurred on account of royalty paid to Shri Jaikishan and Jagdishchander for the use of goodwi .....

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..... xpenditure incurred by the assessee on account of royalty to Jaikishan and Jagdishchander was not allowable in computing the total income of the assessee?" The applications are allowed. The Tribunal is directed to state the case and to refer the aforesaid question of law to this court. In the circumstances of the case, parties shall bear their own costs of these applications.
Case laws, Decis .....

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