TaxTMI 
TaxTMI 
1988 (9) TMI 355
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....ing a deduction of ₹ 10,221 representing travelling expenses and ₹ 17,245 representing expenditure on law costs and stamps in respect of a defunct business in the computation of the total income of the assessee ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal as justified in holding that the expenses of ₹ 10,221 on travelling and of ₹ 17,245 o....
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....tax Officer?" 2. The Commissioner (Appeals) held that the expenses as mentioned in question Nos. 1 and 2, were incurred for the purposes of protecting the company's assets. The Tribunal upheld the finding of the Commissioner (Appeals). The Tribunal further held that the amounts in question were spent in the business interest of the assessee and were deductible in the computation of its t....