1992 (7) TMI 18 - HC - Income Tax

Summary

The High Court of Karnataka addressed three questions referred by the Income-tax Appellate Tribunal:

1. Provision for accrued leave salary is an allowable revenue deduction.
2. Technical information fees paid are an allowable business expenditure.
3. Depreciation on roads and drains within the factory premises is allowed.

The first question was not answered at the time, pending another case. The second and third questions were answered affirmatively based on previous court decisions. The Revenue can request a posting on the first question after another case's disposal.