1966 (6) TMI 1

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..... - - - - - Dated:- 2-6-1966 - Judge(s) : A. R. SOMNATH IYER., AHMED ALI KHAN. JUDGMENT The judgment of the court was delivered by SOMNATH IYER J.-This is a reference under section 66(1) of the Indian Income-tax Act, 1922, sought by the Commissioner of Income-tax, Bangalore. The assessee is a private limited company carrying on business in mining and exportation of manganese ore. In respe .....

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..... ircumstances of the case, the sum of Rs. 10,500 was an expenditure deductible in the computation of the income of the assessee for the assessment year 1961-62 under section 10(2)(xv) ? " We have no doubt in our minds that the question should be answered in favour of the assessee. In Commissioner of Income-tax v. Malayalam Plantations Ltd., the Supreme Court said this when discussing the meaning .....

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..... he assessee appointed Ibcon (P.) Ltd. for the preparation of standard budget forms, establishment of budgetary control and the evaluation of standard costs for the various operations of the company, that appointment was made for the improvement and rationalisation of the assessee's administration. The Income-tax Officer himself had no doubt in his mind that the amount paid to Ibcon (P.) Ltd. was a .....

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