Supreme Court · 1992 INSC 176 · Decided 21 July 1992
Arvind Mills LTD. v. Commissioner of Income Tax, Gujarat
- Court
- Supreme Court of India
- Citation
- 1992 INSC 176 · [1992] 3 S.C.R. 557
- Case number
- CIVIL APPEAL No. 1836/1977
- Decided
- 21 July 1992
- Bench
- S. MOHAN, G.N. RAY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 37
Headnote
B ~ Income Tax Act, 1961 : Section 37. Business expenditure-Capital or Revenue expenditure-Test to deter- mine-Expenditure must have direct nexus with day to day running of busi- c .... ness-Question of voluntary or involuntary payment is not relevant -Contribution of bemennent charges made by the ....), penditure held capital in nature-Not deductible from the income of the assessee. D Under the Bombay Town Planning Scheme the lands of different owners within the Scheme are treated in a common pool and various improvements are effected for the better enjoyment of the lands in ques- tion.
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)