1988 (8) TMI 67 - HC - Income Tax

Summary

The High Court of Madhya Pradesh allowed the application under section 256(2) of the Income-tax Act, 1961. The Tribunal held that expenditure on foreign travel for medical treatment was admissible as business expenditure. The Revenue sought a reference, which was rejected, leading to the Revenue filing the application. The Court directed the Tribunal to refer the question of law regarding the expenditure for the court's opinion.