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2006 (11) TMI 187 - HC - Income Tax
Expenditure incurred by the assessee, for the construction of drainage for disposal of effluents – expenditure in question enabled the assessee to use the drain for all times to come and even to transfer such a right so they are only capital expenditure – in respect of TDS, assessee was not allowed credit for the TDS for want of TDS Certificates, the assessee suffered loss during the course of carrying on the business so these loss was allowable - appeal by revenue is partly allowed