Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (8) TMI 71 - HC - Income TaxWhether, on the facts and in the circumstances of the case, the Appellate Tribunal was legally justified in allowing the expenditure of Rs. 26,100 being the respondent's contribution to Government for constructing a road as a permissible deduction under section 37(1) of the Income-tax Act, 1961 - road was dedicated to the public does not affect the nature of the payment - therefore, it is a capital expenditure and not deductible u/s 37(1)
|