1988 (8) TMI 67

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.... C. J. -This is an application under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). The material facts giving rise to this application, briefly, are as follows The assessee is a private limited company deriving income from manufacture and sale of steel ingots. During the assessment year .1981-82, the assessee incurred expenditure on the foreign travel of i....

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....evenue in that behalf was rejected, the Revenue has filed this application. Having heard learned counsel for the parties, we have come to the conclusion that the following question of law does arise out of the order passed by the Tribunal : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the expenditure incurred on the foreign tour of t....