1987 (11) TMI 9 - HC - Income Tax

Business Expenditure, Deduction, Depreciation, Interest On Borrowed Capital, Investment Allowance, Question Of Law

Summary

The High Court of Karnataka allowed the civil petition filed by the Commissioner of Income-tax, directing the Income-tax Appellate Tribunal to refer questions regarding investment allowance, depreciation, compensation, and interest for the court's opinion. The Tribunal was instructed to draw up a statement of case for questions (1), (2), (3), and (5) only.