1987 (11) TMI 29 - HC - Income Tax

Summary

The High Court of Madhya Pradesh allowed the application in part and directed the Income-tax Appellate Tribunal to refer the question of law regarding the deductibility of garden expenses of Rs. 50,000 under section 37 of the Income-tax Act for the assessment year 1976-77. The second question regarding depreciation under section 32 was not considered as it was not raised before the Tribunal.