9911796707
TMI Blog1977 (10) TMI 62X X X X Extracts X X X X X X X X Extracts X X X X ..... 1977 in ITA 1048/JP/1975-76 to the Hon ble High Court of Judicature for Rajasthan. 2. In as much as, in our opinion, a question of law does arise out of the Tribunal s order, we hereby draw up to statement of the case as requested. The facts of the case, in brief, may be stated as follows. 3. The assessee is a registered firm. It derives income from sale of cloth. The assessee filed the return ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ITO completed the assessment computing the total income at Rs. 30,740. Annexure-A, is the copy of the assessment order, forming part of the statement of the case. 5. Before the learned AAC in appeal, it was contended that in earlier years, only part of the expenses were considered inadmissible. Therefore, it was submitted that the ITO was not justified in disallowing the claim in full. The le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... penses were incurred by the assessee by offering tea and meals, to the constituents who visited the business premises of the assessee. Thus, according to the learned counsel the expenses in question were incurred wholly and exclusively for the purpose of the business and as such are allowable deductions. 7. On half of the Department the finding of the learned AAC was supported. The learned Depar ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
