Search Results for "enduring benefit"

35 result(s) found

Scroll Down To Discover

Found 35 result(s)

© Image Copyrights Juris Services & Technology

High Court of Gujarat Dismisses Revenue's Appeal in Advertisement Expenses Classification Case. ITAT's finding that advertisement expenses are revenue expenses upheld as per Supreme Court precedent.

The present appeal was filed by the Revenue (DY CIT - C C - 1 BARODA) against the respondent-assessee (RINKI PETROCHEMICALS & IND LTD) challenging the...

© Image Copyrights Juris Services & Technology

Supreme Court Allows NCDC's Appeal in Income Tax Dispute Over Deduction of Grants as Revenue Expenditure. Grants disbursed by a statutory corporation as part of its business are deductible under Section 37 of the Income Tax Act, 1961, regardless of the capital nature of the source funds.

The National Co-operative Development Corporation (NCDC), established under the National Co-operative Development Corporation Act, 1962, is a statutor...

© Image Copyrights Juris Services & Technology

Supreme Court Upholds Conviction of Accused in Dacoity and Murder Case Based on Injured Witness Testimony and Recovery of Stolen Articles. Identification of Accused in Test Identification Parade Held Valid Despite Allegations of Prior Exposure.

The case arises from a dacoity and murder that occurred on the night of 27-28 May 1999 in Nallavumpatti village. The deceased, Sengoda Goundar, was sl...

© Image Copyrights Juris Services & Technology

Bombay High Court Upholds Revenue Expenditure Classification for Technical Consultancy and Labour Housing in Income Tax Reference. Payments for feasibility studies and labour welfare held deductible as revenue expenditure under Income Tax Act, 1961.

The case pertains to an income tax reference under Section 256(1) of the Income Tax Act, 1961, at the instance of the Revenue department. The assessee...