1989 (9) TMI 67

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ference under section 256 (1) of the Income-tax Act 1961 (hereinafter referred to as "the. Act"), the Income-tax Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in directing the deduction of Rs. 6,700 as business expenditure ?" The material facts gi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ence and it is at the instance of the Revenue that the aforesaid question of law has been referred to this court for its opinion. Having heard learned counsel for the parties, we have come to the conclusion that this reference must be answered in the negative and in favour of the Revenue. Dealing with the question as to whether expenditure incurred by the assessee on account of levy of penalty ....