1994 (8) TMI 7 - HC - Income Tax

Summary

The High Court of Andhra Pradesh dismissed the Revenue's I.T.C. under section 256(2) of the Income-tax Act, 1961. The court held that no error of law was committed by the Income-tax Appellate Tribunal in upholding the deletion of the disallowance of Rs. 24,15,515 representing expenditure in respect of social overheads. The disallowance was considered a question of fact, and no referable question of law arose in this case. The Tribunal's decision was upheld, and the income-tax case was dismissed.