1995 (11) TMI 38

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion 256(2) of the Income-tax Act, 1961, by the Commissioner of Income-tax, Karnataka-Central, seeking reference of the following two questions for the opinion of this court : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the expenditure by way of secret commission was deductible under section 37(1) of the Income-tax Act in computin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of allowing deductions without proper proof. In other words, it is contended that despite various specific defects, irregularities and lacunae pointed out by the Income-tax Officer in the vouchers and other evidence produced by the respondent-assessee in support of its claim, the deduction was allowed on general considerations such as the auditors' report or the directors' report did not advert to....