KATARIA TRANSPORT COMPANY Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THIS reference under Section 256(1) of the Income-tax Act, 1961, is at the instance of the assessee to answer the following question of law :

(2.) WHETHER, on the facts and in the circumstances of the case, the payment of Rs. 7,200 to the two partners of the firm was an expenditure exclusively incurred for the business of the firm to fulfil the personal obligation of the firm under Clause 5 of the deed to the two partners ?

(3.) NO costs.