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1996 (2) TMI 8 - SC - Income Tax
Assessee-company is entitled to a deduction for a sum in respect of the contribution made by it to the Maharashtra Housing Board towards the construction of tenements for its workers - professional charges paid by the assessee-company to its solicitors for effecting the amalgamation of Nawrosjee Wadia and Pressing Company with it, was of revenue nature and should be allowed as a deduction in the computation of its total income