AI Drafter 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
1984 (2) TMI 24
X X X X Extracts X X X X
X X X X Extracts X X X X
....AR J.-At the instance of the assessee, the following question has been referred by the Income-tax Appellate Tribunal for our opinion : " Whether, on the facts and circumstances of the case, the sum of Rs. 3,15,000 paid to Indian National Congress is a permissible deduction under section 37(1) of the Income-tax Act, 1961 ? " The assessee is a limited company carrying on business in textiles a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y note here that at the instance of the assessee, three references pertaining to assessment years 1958-59, 1960-61 and 1961-62, wherein similar question relating to the disallowance of the donation made by this very company to the Indian National Congress under section 10(2)(xv) of the Indian Income-tax Act, 1922, were made by the Tribunal to this court. The question was answered in the negative a....