https://www.taxtmi.com/caselaws?id=260502 The High Court upheld the Tribunal's decision allowing plantation expenditures as revenue expenditure under Section 37, emphasizing the business purpose and environmental preservation aspect. Additionally, the Court affirmed the classification of Voluntary Retirement Scheme (VRS) payments as revenue expenditure, based on commercial expediency and business purposes, dismissing the revenue's appeal on both issues. en-us Fri, 06 Feb 2015 00:00:00 +0530 Fri, 14 Aug 2015 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260502 The High Court upheld the Tribunal's decision allowing plantation expenditures as revenue expenditure under Section 37, emphasizing the business purpose and environmental preservation aspect. Additionally, the Court affirmed the classification of Voluntary Retirement Scheme (VRS) payments as revenue expenditure, based on commercial expediency and business purposes, dismissing the revenue's appeal on both issues. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260502