Deduction u/s 37(1) ::

Last updated: 07 September 2007

Court :
HC

Brief :
Held by hon"ble court that the company had incurred expenditure for the benefit of employees" and it could be said that such expenses were incurred wholly and exclusively for the purpose of business.Thus assessee was entitled to claim deduction u/s 37(1).

Citation :
C.I.T Vs. Rajasthan Spg. & Wvg. Mills Ltd.

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Judgements Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

 
Comments


Recent Judgments :

  1. CESTAT Sets Aside ₹60 Crore Service Tax Demand: Best-Judgment Assessment Cannot Be Based on Guesswork
  2. CESTAT: Excess Service Tax Paid by Mistake Is a Deposit — Refund Not Barred by Section 11B Limitation
  3. CESTAT Denies Service Tax Exemption on Rent to Educational Institution for Lack of Evidence
  4. CESTAT Upholds Customs Duty Demand on Undervaluation of Imported Goods Based on Chinese Customs Documents
  5. IGST Paid Under a Wrong Head to be Adjusted Against CGST/SGST Liability Before Any Recovery of Tax Interest or Penalty
  6. Assessee entitled to fresh opportunity of hearing where adjudicating authority ignored reply filed to DRC-01A intimation
  7. Typographical Error in the SCN Cannot Be a Shield for the Assessee Who Participated in the Proceedings Without Raising Any Objection
  8. Penalty on partners under Section 122(1A) of the CGST Act upheld where complicity in fake invoicing and hawala-linked ITC fraud stands established
  9. Forest Development Tax Demand, Collection and Refund Subject to Final Outcome of Pending Cases
  10. SC : Extended Limitation Cannot Be Invoked Where Department Was Aware of Valuation Facts

View More Judgments »


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member CA.Pinank Arvindbhai ShahCA.Pinank Arvindbhai ShahPro Member FCA. LAL BAHADUR SHASTRY GUBBAFCA. LAL BAHADUR SHASTRY GUBBAPro Member Ashif CheenikkalAshif CheenikkalPro Member Sri HarshaSri HarshaPro Member Sasidhar BSasidhar B
Subscribe to Pro
Join an elite circle of professionals

Browse by Category