https://www.taxtmi.com/caselaws?id=9766 The court upheld the Tribunal's decision to ignore Income-tax Rules 87 and 88 and the Board's notification under section 36(1)(iv). Deductions for initial contribution to the superannuation fund, donation to an education society as business expenditure, and actuarial liability for special provision were allowed. However, the expenditure on tea and soft drinks was not addressed due to its minimal amount. The classification of the road constructed by the company as 'plant' was ruled in favor of the Revenue. Interest under section 216 was deemed unjustified unless the Income-tax Officer finds income underestimation. Legal and foreign travel expenses for the merger were classified as revenue expenditure. en-us Fri, 30 Sep 2005 00:00:00 +0530 Tue, 30 Jun 2009 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9766 The court upheld the Tribunal's decision to ignore Income-tax Rules 87 and 88 and the Board's notification under section 36(1)(iv). Deductions for initial contribution to the superannuation fund, donation to an education society as business expenditure, and actuarial liability for special provision were allowed. However, the expenditure on tea and soft drinks was not addressed due to its minimal amount. The classification of the road constructed by the company as 'plant' was ruled in favor of the Revenue. Interest under section 216 was deemed unjustified unless the Income-tax Officer finds income underestimation. Legal and foreign travel expenses for the merger were classified as revenue expenditure. Case-Laws Income Tax Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9766