2015 (5) TMI 264

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..... t the expenditure incurred for the purpose of earning the exempt income has been properly explained is essentially a question of fact. Both the appellate authority and the learned Tribunal were of the opinion that the expenditure was properly established. There is as such no scope for any interference with the concurrent finding of fact recorded by the learned Tribunal and the appellate authority. .....

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..... nditure incurred for earning exempt income. The Revenue preferred an appeal which was dismissed. The Revenue has come up with the appeal before us. Whether or not the expenditure incurred for the purpose of earning the exempt income has been properly explained is essentially a question of fact. Both the appellate authority and the learned Tribunal were of the opinion that the expenditure was .....

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