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2010 (8) TMI 456 - MADRAS HIGH COURT
Capital or revenue expenditure - Revised return - It is the case of the appellant that all the expenses relating to a sum of ₹ 6,84,78,570 in respect of the Baramba Sugar Mill and Dhenkanal Sugar Mill were covered by the Explanation to Section 37(1) or 37(2B) of the Act - Applying the principles, the expenses which were in a sum of ₹ 6,84,78,570/- were all expenses which were incurred by way of salaries, wages, bonus, provident fund contribution, workmen welfare expenses, power, fuel and water, manufacturing expenses, rent for office building etc., were all expenses which were incurred for the purpose of running of the business and it cannot be held to be by way of investment - Decided in the favour of the assessee