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1 - 4 of 4 (0.17 seconds)Commissioner Of Income-Tax vs The Statesman Ltd. on 10 October, 1991
3. Learned counsel for the assessee submits that the identical issue has been considered by this court in the case of CIT v. The Statesman Ltd. [1992] 198 ITR 582 and he also referred to the part of the speech of the Finance Minister while inserting the provisions of Sub-sections (3A) and (3B) in the statute. He emphasised mainly on the facts that the provisions of Sub-sections (3A) and (3B) can be invoked only when the expenses are extravagant and avoidable, if the expenses are in the normal course the provisions of Sub-sections (3A) and (3B) are not attracted.
Section 256 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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