M/S MANGALORE GANESH BEEDI WORKS vs. COMMISSIONER OF INCOME TAX, MYSORE
The appeals are disposed of in the above terms
C.A. No.-010547-010548 - 2011Supreme Court15 Oct 2015
Section 35ASection 37
69-70 of 2001.
2.
The three substantial questions of law considered by the High
Court were as follows:-
i)
Whether Rs. 12,24,700/- claimed as revenue expenditure by the
Association of persons which was constituted by the three partners
of the erstwhile firm, MGBW, can be allowed as permissible
deduction in the hands of the said Association
