Supreme Court · 2000 INSC 554 · Decided 30 November 2000
K.RAVINDRANATHAN Nair v. Commissioner of Income Tax, Ernakulam
- Court
- Supreme Court of India
- Citation
- 2000 INSC 554 · [2000] SUPP. 5 S.C.R. 244
- Case number
- CIVIL APPEAL No. 4475/1998
- Decided
- 30 November 2000
- Bench
- S.P. BHARUCHA, DORAISWAMY RAJU, RUMA PAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37
Headnote
Income Tax Act, 1961: Section 37 Income Tax-Business Expenditure-Deduction of---AY 1972-73- C Processing of cashew nuts in 10 units-Four of the 10 units situated in one State-Two out of the four units owned by assessee and the other two taken . on lease-Lock-out declared in four units due to to pay 5 days ' wages for service rendered up to lock-out-Accordingly, assessee incurred certain D expenditure-Tribunal found that all the 10 units constituted one business and allowed the said expenditure as deduction-Validity of-Held : Jn the circumstances of the case, the expenditure incurred
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