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of <h1>High Court Directs Tribunal to Review Income-tax Act Deductions for 1976-77 Assessment</h1> <h3>Commissioner Of Income-Tax Versus PNB. Finance And Industries Limited</h3> The High Court directed the Tribunal to refer questions of law regarding deductions under the Income-tax Act for the assessment year 1976-77, including ... Business Expenditure, Money Lending Business The High Court of Delhi directed the Tribunal to refer questions of law regarding deductions under the Income-tax Act for the assessment year 1976-77. The questions include the admissibility of deductions, advancing of funds in the lending business, the perverseness of the Tribunal's order, and the allowance of interest claims.
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