1991 (3) TMI 2

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..... e 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
N. M. KASLIWAL. and M. N. VENKATACHALAIAH. ORDER Heard learned counsel on both sides. Special leave granted. The High Court declined to call upon the Appellate Tribunal to state case and refer a question of law said t .....

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..... aw arising in a later case would cease to be referable one and, therefore, the course to be adopted is to reject a reference under section 256(2). Inasmuch as, in our opinion, a question of law does arise, the orders of the High Court dated September 1, 1986 and November 2, 1989 are set aside and the Income-tax Appellate Tribunal is directed to state a case and refer the following question of law .....

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