https://www.taxtmi.com/caselaws?id=26263 A question of law arose on whether a fine imposed in criminal proceedings could be deducted as business expenditure under the Income-tax Act. On the Revenue's section 256(2) application, the High Court held that the Tribunal's order gave rise to a referable question of law and directed the Tribunal to state a case and refer that issue for the Court's opinion. No order as to costs was made due to the assessee's non-appearance. en-us Mon, 07 Jul 1986 00:00:00 +0530 Wed, 03 Feb 2010 17:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26263 A question of law arose on whether a fine imposed in criminal proceedings could be deducted as business expenditure under the Income-tax Act. On the Revenue's section 256(2) application, the High Court held that the Tribunal's order gave rise to a referable question of law and directed the Tribunal to state a case and refer that issue for the Court's opinion. No order as to costs was made due to the assessee's non-appearance. Case-Laws Income Tax Mon, 07 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26263