1977 (11) TMI 40

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d:- 21-11-1977
- - -
Income Tax
Judge(s)  : A. S. BAINS., M. R. SHARMA  JUDGMENT The respondents paid a sum of Rs. 40,000 to the heirs of the deceased partner. Out of this amount, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 7 (SC) for the proposition that such an expense has been rightly regarded as revenue expense. We are not concerned with the final outcome of this case. Whether this expenditure should be regarded as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X