Supreme Court · 2015 INSC 778 · Decided 15 October 2015
M/S. Mangalore Ganesh Beedi Works v. Commissioner of Income Tax, Mysore &ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 778 · [2015] 13 S.C.R. 1080
- Case number
- CIVIL APPEAL No. 10547/2011
- Decided
- 15 October 2015
- Bench
- MADAN B. LOKUR, S.A. BOBDE (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37
Headnote
1080 A M/S. MANGALORE GANESH BEEDI WORKS B c v. COMMISSIONER OF INCOME TAX, MYSORE &ANR. (Civil Appeal NoS.10547-10548 of 2011) OCTOBER 15, 2015 [MADAN B. LOKUR AND S. A. BOBDE, JJ.) Income-Tax Act, 1961: s. 37 - Business Expenditure - Deduction - Certain amount claimed as revenue of the Association of Persons - Permissibility of - Held: Amount claimed as revenue expenditure by Association of persons can be allowed as permissible deduction by them u/s. 37 of the Act - Concern was ·a going concern and thus, the legal expenses E incurred were for defending the
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