1990 (8) TMI 34

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..... Income-tax Appellate Tribunal is correct in law in holding that contribution of Rs. 1,16,950 to Bharat Commerce Vidyalaya was expenditure laid out wholly and exclusively for the purposes of the assessee's business ? (2) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in deleting the disallowance of expenditure of Rs. 1,72,216 on g .....

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..... reported as CIT v. Bharat Commerce and Industries Ltd. (No. 1) [1990] 184 ITR 90 (Delhi), we have declined to call for a reference of similar questions. As regards question No. 3, it is a question of fact as to whether the machinery comes into contact with corrosive material or not. The question of fact determined is that the machinery in question does come into contact with corrosive material .....

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