https://www.taxtmi.com/caselaws?id=358289 Expenditure for obtaining a pollution control certificate valid for three years was treated as revenue expenditure because it was incurred in the course of business and remained in the revenue field despite an enduring advantage. Share transaction expenses were restored for examination under the appropriate head, and the factual issues relating to provident fund dues and cultivation expenses were also remitted for verification. Interest earned on deposits was held outside Rule 8, as it did not arise from the integrated activity of cultivation and manufacture of tea. The section 14A disallowance was considered excessive and was restricted to 5% of dividend income. en-us Fri, 06 Apr 2018 00:00:00 +0530 Mon, 09 Apr 2018 07:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358289 Expenditure for obtaining a pollution control certificate valid for three years was treated as revenue expenditure because it was incurred in the course of business and remained in the revenue field despite an enduring advantage. Share transaction expenses were restored for examination under the appropriate head, and the factual issues relating to provident fund dues and cultivation expenses were also remitted for verification. Interest earned on deposits was held outside Rule 8, as it did not arise from the integrated activity of cultivation and manufacture of tea. The section 14A disallowance was considered excessive and was restricted to 5% of dividend income. Case-Laws Income Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358289