Supreme Court · 2000 INSC 96 · Decided 23 February 2000
Rajasthan State Warehocsing Corporation v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 2000 INSC 96 · [2000] 1 S.C.R. 1113
- Case number
- CIVIL APPEAL No. 4049/1994
- Decided
- 23 February 2000
- Bench
- D.P. WADHWA, S.S.M. QUADRI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37, 256(1)
Headnote
Income Tax: Income Tax Act 1961: Section 37-Business expenditure-Deductibility of-A Y 1977- 7ErAssessee's bu#ness was one and indivisible and part of its income was exempt from income tax under S.10(29)-Held : The entire expenditure is deductible and not only that propo1tion of it which is Government Corporation, derived its income in is assessment year 1977-78 from interest, letting out the warehouses and administrative charges for procurement of foodgrains while working for the Food Corporation of India as well as the State Govern· ment. The business of the assessee was
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