Trade mark and goodwill payments as revenue expenditure raised a referable question of law, with reference directed for High Court decision.

Payments made for trade mark and goodwill raised a question of law on whether they were revenue expenditure. The Supreme Court held that the High Court was not justified in refusing to require a reference, set aside the High Court's order, and directed the Tribunal to refer the question to the High Court for decision. The Court expressed no opinion on the merits of the expenditure characterisation.

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Issues: Whether the High Court was justified in declining to require a reference on the question whether payments made for trade mark and goodwill constituted revenue expenditure.

Outcome: The Court held that a question of law did arise, set aside the High Court's order, and directed the Tribunal to refer the question to the High Court for decision, without expressing any opinion on the merits.

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