2007 (5) TMI 177

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....s been referred in this case : "1.Whether on the facts and circumstances of the case the Tribunal is correct in law in holding that the expenditure on hiring of cars does not come within the purview of section 37 (3-B) for the purposes of 10% disallowances ?" 3. It appears that under Section 37 business expenditure which is sought to be deducted from the profits and gains of business or prof....

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....running and maintenance of Motor Cars would include expenditure incurred on hire charges for engaging cars plied for hire. 6. The assessee in the present case is a news-paper publisher. They sought deduction of expenditure on taxi hire charges for tax is engaged for delivering the news papers. 7. The Tribunal has held that this expenditure would not be hit by sub-section (3A) inasmuch as, it....