1991 (3) TMI 2 - SC - Income Tax

Whether on the facts and circumstances of the case the Tribunal was justified in holding that the expenditure on the air travel of the assessee s wife was not incurred wholly and exclusively for the purpose of the business of the assessee and that the benefit derived by the wife would detract from the exclusiveness of the outlay so as to render it ineligible as a deductible expenditure

Summary

The Supreme Court granted special leave in a case where the High Court refused to refer a question of law to the Appellate Tribunal. The Supreme Court held that a question of law did arise and directed the Tribunal to refer the question regarding the deductibility of expenditure on air travel of the assessee's wife for the opinion of the High Court. The High Court's orders were set aside, and the appeals were disposed of accordingly. (Case Citation: 1991 (3) TMI 2 - Supreme Court)