1988 (5) TMI 25 - HC - Income Tax

Business Expenditure, Power To Allow Additional Plea, Provision Made For Leave With Wages, Tribunal

Summary

The High Court allowed the assessee's petition under section 256(1) of the Income-tax Act. Question 1 was answered in favor of the Revenue, and Question 2 was answered in favor of the assessee. The case was sent back to the Tribunal for a fresh decision on the claim of the assessee regarding the amount deducted under the head "Leave with wages."