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Petitioner: CHOLAN ROADWAYS CORPORATION LTD. VS Respondent: COMMISSIONER OF INCOME-TAX
Court Name: Madras High Court Judge(s): N. V. Balasubramanian, Adul Hadi Title: CHOLAN ROADWAYS CORPORATION LTD. vs COMMISSIONER OF INCOME-TAX Case No.: Case No.1655 of 1984 Date of Judgment:2000-02-11 Reported As: 2000 PTD 2047 Result: Reference answered
JUDGMENT
JUDGMENT N.V. BALASUBRAMANIAN, J. ---At the instance of the Revenue, the following two questions of law have been referred by the Income-tax Appellate Tribunal for the opinion of this Court under section 256(1) of the Income Tax Act, 1961; for the assessment year 1975-76: "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that a sum of Rs.79,800 paid by the assessee was not revenue expenditure? And (2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the payment of Rs.8,000 to the Tamil Nadu Soldiers and Sailors and Airmen's Board towards Flag Day Fund and Rs.1 lakh to the 7 Regional . Transport Authority towards Chief Minister's Rehabilitation Fund for physically handicapped were not allowable deductions?" <p.m> <p.m></p.m></p.m>