https://www.taxtmi.com/caselaws?id=173796 The High Court rejected the application under Section 256(2) regarding the deduction of premium payable on redemption of debentures and the treatment of certain employee benefits for disallowance under Sections 40(c) and 40A(5) of the Income Tax Act. The Court upheld the Tribunal's decision, allowing for the spreading of liability to pay the premium on redemption of debentures over the debenture period and considering certain employee benefits as revenue expenditure in alignment with established legal principles and Supreme Court precedents. en-us Tue, 01 Dec 1998 00:00:00 +0530 Tue, 22 Sep 2015 16:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173796 The High Court rejected the application under Section 256(2) regarding the deduction of premium payable on redemption of debentures and the treatment of certain employee benefits for disallowance under Sections 40(c) and 40A(5) of the Income Tax Act. The Court upheld the Tribunal's decision, allowing for the spreading of liability to pay the premium on redemption of debentures over the debenture period and considering certain employee benefits as revenue expenditure in alignment with established legal principles and Supreme Court precedents. Case-Laws Income Tax Tue, 01 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173796