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2004 (9) TMI 10 - HC - Income TaxDeduction u/s 37 - Assessee has donated a bus to Vivaknand Kendriya Vidhyalaya, Hurda, where the children of employees of the assessee-company are receiving education. The amount spent for purchasing the bus had been debited to the Workmen and Staff Welfare Account and it was claimed as expenses incurred wholly and exclusively for the purpose of the assessee's business as deduction under section 37(1) as a revenue expenditure. In our opinion, no substantial question of law arises in examining the issue again about the test of applicability of allowable expenses claimed by the assessee and the benefits derived from it so far as the present case is concerned. The appeal accordingly fails and is hereby dismissed.
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