1966 (4) TMI 3

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....HARGAVA C. J.-The question referred for our opinion is whether, on the facts and in the circumstances of the case, the payment of Rs. 56,000 made to the Congress Parliamentary Board for the General Elections was an admissible expenditure under section 10(2)(xv) of the Income-tax Act. The facts as they appear from the appellate order of the Tribunal and the statement of the case fall within a ve....

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....e a certain expense incurred in connection with political propaganda was allowed as an expenditure legitimately deductible on the ground of being wholly and exclusively for the purpose of the business. While endeavouring to see whether that case was applicable, the Tribunal purported to record two findings of fact relating to the case of the present assessee. One finding was that there was definit....

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....ing party in power because of the changing pattern of the economic structure of society. This is the only one assertion on which the assessee relied in order to claim that this contribution to the U. P. Congress Parliamentary Board was an expenditure laid out wholly and exclusively for the purpose of the business. Every expenditure which is in the interest of a company need not necessarily be held....