2002 (1) TMI 55 - HC - Income Tax

Summary

The High Court of Punjab and Haryana addressed three questions referred by the Income-tax Tribunal. Questions 1 and 2 were not pressed by the assessee and were answered against them. Question 3 involved the disallowance of an expense claimed as advertisement, which the court found to be legitimate. The court ruled in favor of the assessee on question 3 and affirmed the Tribunal's order in other respects.