1996 (1) TMI 105

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....section 256(2) of the Income-tax Act, 1961, the Department has prayed for a direction to refer the following two questions for the opinion of this court : " (1) Whether, on the facts and in the circumstances of the case, provision for expenses on foreign tour of the dealer amounting to Rs. 3,41,043 is an allowable business expenditure and if so, whether the Tribunal is correct in law in upholdi....

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....er of Income-tax (Appeals). The Department approached the Tribunal and the Tribunal also confirmed the order of the Commissioner of Income-tax (Appeals). According to the Department, the amount of Rs. 3,41,043 earmarked for payment on account of incentive to the dealers by way of undertaking foreign tours is not a business expenditure and, therefore, the assessee is not entitled to get any deducti....