TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Employer's Housing Scheme Costs: Revenue, Not Capital</h1> The Supreme Court upheld the Tribunal's decision that the amount advanced by the assessee-employer for construction of houses under a 'Subsidised ... Business Expenditure - whether the amount advanced by the assessee-employer for construction of houses under 'Subsidised Industrial Scheme' for its employees would be in the nature of a revenue expenditure or capital expenditure - Tribunal was justified in concluding that it was revenue expenditure u/s 10(2)(xv) under IT Act 1922 The Supreme Court held that the amount advanced by the assessee-employer for construction of houses under a 'Subsidised Industrial Scheme' for its employees is considered as revenue expenditure, not capital expenditure. The Tribunal's decision was upheld, and the appeal was dismissed with no costs.
TaxTMI 
TaxTMI 
