1987 (8) TMI 9 - HC - Income Tax

Summary

The High Court of Delhi directed the Tribunal to refer two questions for decision: 1) Whether the amount paid to M/s. Industrial Development Services Pvt. Ltd. is a deductible revenue expenditure, and 2) Whether cash reimbursement of expenses could be treated as a perquisite for disallowance under section 40A(5). The court found the third question to be a question of fact and did not see any legal issue arising from it.