Madras High Court Allows SIDCO's Appeal in Income Tax Case — Disallowance of Expenses Set Aside Due to Government Rejection of Reimbursement. Expenses incurred in earlier year but debited in later year after government's refusal to reimburse held allowable as business expenditure under Section 37(1) of Income Tax Act, 1961.
29 Jan 2026The appellant, Tamil Nadu Small Industries Development Corporation (SIDCO), a government company, was assigned the maintenance of six government prope...
