2004 (11) TMI 80

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.... an appeal filed by the Revenue (Income-tax Department) under section 260A of the Income-tax Act, 1961, against an order, dated April 16, 2004, passed by the Income-tax Appellate Tribunal in I.T.A. No. 840/IND of 1998. Heard Shri R.L. Jain with Ku. V. Mandlik, learned counsel for the appellant-Revenue. The question involved is, whether an amount of Rs. 38,91,871 was allowable business expend....

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....r personal services to enable the assessee to get better business in the market. It was after recording this factual finding in favour of the assessee, the expenditure in question was held as business/revenue expenditure and accordingly allowed to be deducted from the gross total income. We find no case to interfere in such finding of fact in our appellate jurisdiction under section 260A ibid. ....