https://www.taxtmi.com/caselaws?id=5810 Administrative expenditure of 7.5% of the trust's net income, after deducting trustees' remuneration, was treated as reasonable under the relevant Income-tax Act provisions. The issue was regarded as predominantly factual, and the earlier High Court view in the same trust's prior assessment years had already accepted the allowance. As that position had not been challenged by the Revenue, the Tribunal followed it, and the High Court refused reference under section 256(2). In these circumstances, there was no basis for interference, and the Revenue's challenge failed. en-us Tue, 15 Feb 2000 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5810 Administrative expenditure of 7.5% of the trust's net income, after deducting trustees' remuneration, was treated as reasonable under the relevant Income-tax Act provisions. The issue was regarded as predominantly factual, and the earlier High Court view in the same trust's prior assessment years had already accepted the allowance. As that position had not been challenged by the Revenue, the Tribunal followed it, and the High Court refused reference under section 256(2). In these circumstances, there was no basis for interference, and the Revenue's challenge failed. Case-Laws Income Tax Tue, 15 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5810