RAJESH KUMAR GUPTA vs. INCOME TAX OFFICER,JAMMU

Bench: HON'BLE THE CHIEF JUSTICE,HON'BLE MR. JUSTICE RAJNESH OSWAL

Income Tax Act can be invoked to disallow the expenditure, which is paid or which is shown as payable on the date of balance sheet? (ii) Whether the decision of the tribunal lays down correct law? 3. The learned counsel for the respondent has produced Circular No. 37/2016 dated 02.11.2016 of Government of India, Ministry of Finance, Department of Revenue