https://www.taxtmi.com/caselaws?id=18292 The court allowed the reference on the first question regarding the expenditure for orphans as a business expense due to the presence of a debatable legal issue. However, the court declined to refer the second question concerning investment allowance, as the legal position was clear, and there was no ambiguity benefiting the assessee, a public sector undertaking. en-us Wed, 01 Nov 1995 00:00:00 +0530 Wed, 30 Sep 2009 10:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18292 The court allowed the reference on the first question regarding the expenditure for orphans as a business expense due to the presence of a debatable legal issue. However, the court declined to refer the second question concerning investment allowance, as the legal position was clear, and there was no ambiguity benefiting the assessee, a public sector undertaking. Case-Laws Income Tax Wed, 01 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18292