2011 (4) TMI 658 - HC - Income Tax

Allowable expenditure - Application of income for charitable purposes - The matter is covered against the revenue by judgment of this Court in CIT v. Market Committee Narwana (2010 -TMI - 204482 - PUNJAB AND HARYANA HIGH COURT) - Hence the appeal is dismissed.

Summary

The High Court of Punjab and Haryana dismissed the revenue's appeal under Section 260-A of the Income Tax Act, 1961 regarding the expenditure claimed by the assessee. The court found the matter covered by a previous judgment in CIT v. Market Committee, Narwana.