IDEAL TANNERY Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) TWO questions of law have been referred for our opinion :

(2.) ON the first question, a Bench of this court in U. P. Hardware Store v. CIT [1976] 104 ITR 664 (All) has held that payments made to suppliers for purchase of goods are expenditure within the meaning of Section 40A(3) of the Act. In view of this decision, the first question is answered in the affirmative.