1996 (2) TMI 22 - HC - Income Tax

Assessing Officer, Assessment Year, Business Income, Business Loss, Excise Duty, High Court, Plant And Machinery, Tax Liability, Wholly And Exclusively

Summary

The High Court of Madras ruled that the payment made by the assessee to the District Welfare Fund should be deducted from its total income. This decision was based on a previous judgment where a similar deduction was allowed. The court answered the question in the affirmative, favoring the assessee.