https://www.taxtmi.com/caselaws?id=62921 Entertainment tax collected under a State scheme was treated as a revenue receipt, and deduction under section 43B was available where the statutory liability was discharged through adjustment entries sanctioned by the competent authority. Rent and service charges from the bank portion of the building were assessed as income from other sources, not business income, because the letting was primarily for rent and only incidental facilities were provided. Depreciation on the cinema portion required proper apportionment of combined building cost, while the plea to treat the cinema building as plant was remitted for reconsideration. The disallowances on travelling, directors' remuneration, repair and maintenance, and interest-free advance were substantially deleted or reduced on the facts. en-us Tue, 30 Sep 1997 00:00:00 +0530 Mon, 24 Jan 2011 16:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62921 Entertainment tax collected under a State scheme was treated as a revenue receipt, and deduction under section 43B was available where the statutory liability was discharged through adjustment entries sanctioned by the competent authority. Rent and service charges from the bank portion of the building were assessed as income from other sources, not business income, because the letting was primarily for rent and only incidental facilities were provided. Depreciation on the cinema portion required proper apportionment of combined building cost, while the plea to treat the cinema building as plant was remitted for reconsideration. The disallowances on travelling, directors' remuneration, repair and maintenance, and interest-free advance were substantially deleted or reduced on the facts. Case-Laws Income Tax Tue, 30 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62921