Supreme Court of India
Travancore Cochin Chemicals Limited v. Commissioner of Income-tax, Kerala
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
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 and sought to deduct this >1mount from its total income 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
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