1984 (3) TMI 50 - HC - Income Tax

Summary

The High Court of Karnataka overturned the Commissioner's order regarding the deduction of expenses incurred by a deceased individual before the formation of a partnership firm with his legal heirs. The Court held that the firm was entitled to claim those expenses in its assessment for the entire year, not just after the formation of the firm. The Deputy Commissioner's decision allowing the expenses was deemed correct, and the Commissioner's order was set aside.