1994 (1) TMI 46 - HC - Income Tax

Capital Expenditure Capital Or Revenue Expenditure Donation For Charitable Purposes Income Tax Act Special Deduction

Summary

The High Court of Madras delivered a judgment regarding various questions raised by the Revenue and the assessee. The court did not answer the question about the provision made for leave salary deduction. The donation made by the assessee was allowed as a deduction under section 80G. The court upheld the decision that certain expenditures were not allowable deductions. The court approved the Appellate Tribunal's decision to treat shifting machinery expenses as capital expenditure and shifting employee expenses as revenue expenditure.