2000 (2) TMI 16 - SC - Income Tax

Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is justified in directing the Income-tax Officer to allow 71/2 per cent of the net income of the trust after deducting from its total income, the remuneration paid to the trustees as expenditure for administering the trust under sections 57(i) and 19(i) of the Income-tax Act, 1961 - it is a question of fact than a question of law - Tribunal rightly dismissed the appeal filed by the Revenue

Summary

The Supreme Court dismissed the Revenue's appeals against the Andhra Pradesh High Court judgment regarding the deduction of trustee remuneration as expenditure for administering a trust under the Income-tax Act, 1961. The High Court's decision was based on a previous judgment and was not appealed by the Revenue. The appeals were dismissed as it was considered more a question of fact than law.