1987 (8) TMI 45

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.... J.-By this application under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as " the Act"), the applicant has prayed that the Tribunal be directed to state the case and to refer the following questions of law to this court for its opinion: " (1) Whether, on the facts and in the circumstances of the case, the expenditure of Rs. 22,650 incurred on plantations in the factory ....

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....nt under the Act for the assessment year 1979-80, the applicant claimed deduction in respect of an amount of Rs. 22,643 being expenditure on plantations as business expense. The Income-tax Officer disallowed that claim on the ground that the expenditure was in the nature of capital expenditure. On appeal, the finding of the Income-tax Officer was affirmed. Further appeal preferred by the, assessee....