Supreme Court · 1977 INSC 26 · Decided 21 January 1977
Travancore Cochin Chemicals Limited v. Commissioner of Income-Tax, Kerala
- Court
- Supreme Court of India
- Citation
- 1977 INSC 26 · [1977] 2 S.C.R. 715
- Case number
- CIVIL APPEAL No. 265/1972
- Decided
- 21 January 1977
- Bench
- HANS RAJ KHANNA, R.S. SARKARIA, A.C. GUPTA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 37(1), 256(1)
Headnote
715 The Income-Tax Act, 1961, s. 37(1), whether construction of road a per­ missible deduction under. The appellant assessee is a public limited company who spent Rs. 26,100/­ for the construction of a .new road for improving transport facilities in the area where its factory is located claiming. this as revenue expenditure for the year. The claim was dis­ allowed by the Income-tax Officer and the Appellate Assistant Commissioner. The Appellate Tribunal held that the amount could be deducted as revenue ex­ penditure but at the instance of the respondent referred the
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