2001 (7) TMI 9 - SCH - Income Tax

Whether, on the facts and in the circumstances of the case, the Tribunal was right in directing the Assessing Officer to allow deduction of service charges amounting to ₹ 1,82,03,470 or any part thereof - question of law does arise -hence we set aside the judgment of the High Court and direct the Tribunal to state the case and refer the following question of law to the High Court

Summary

The Supreme Court granted special leave in response to a case involving a deduction claim for service charges. The Court set aside the High Court's judgment and directed the Tribunal to refer a question of law related to the deduction to the High Court.