Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Expenditure

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... "1. The act of expending ; disbursement; consumption. 2. that which is expended..." In Corpus Juris Secundum (Vol. 35), "expenditure" has been defined as follows : "In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... me Court in the context of the Income-tax Act itself in Indian Molasses Co. P. Ltd. v. CIT - 1959 (5) TMI 5 - SUPREME COURT, where expenditure has been defined as follows (p. 78) : "'spendi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates