1962 (12) TMI 77

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....GMENT Govindan Nair, J. This Income-tax Referred Case raises the same question relating to the assessment years 1957-58, 1958-59 and 1959-60. As directed by this court for the first of these years the question: "Whether on the facts and in the circumstances of the case, the expenses totalling Rs. 4,493-11-9 incurred in connection with the kuries are admissible deductions under the I....

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....ures for the three years relating to which exclusions are claimed are detailed in the statement of the case in pages 14 and 15 of the printed papers. They all related to the commencement of certain kuries in each of the three years and are moneys expended for commission paid for canvassing, stationery, advertisement, registration, travelling expenses, stamppaper, postage and printing. In their nat....

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....e department in Western India Plywood Ltd. v. Commissioner of Income-tax [1960] 38 I.T.R. 533 and Nagpur Electric Light and Power Co. Ltd. v. Commissioner of Income-tax [1931] 6 I.T.C. 28 are applicable. In both these cases the question was whether expenses incurred in connection with the raising of a debenture loan, though, no doubt, for the purpose of finding funds for the business carried on by....