https://www.taxtmi.com/caselaws?id=18753 The court partially ruled in favor of the assessee regarding exemption under section 10(26B) of the Income-tax Act, 1961, limited to income related to housing schemes for scheduled castes. However, questions on exemption under section 10(20A) and relief under section 80J were left unanswered. The disallowance of expenditure of Rs. 15,872 for purchasing office carpet was upheld as capital expenditure, not directly linked to business turnover or profits. The enduring benefit of the carpet did not impact its classification as capital expenditure. en-us Wed, 13 Dec 1995 00:00:00 +0530 Sat, 31 Oct 2009 17:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18753 The court partially ruled in favor of the assessee regarding exemption under section 10(26B) of the Income-tax Act, 1961, limited to income related to housing schemes for scheduled castes. However, questions on exemption under section 10(20A) and relief under section 80J were left unanswered. The disallowance of expenditure of Rs. 15,872 for purchasing office carpet was upheld as capital expenditure, not directly linked to business turnover or profits. The enduring benefit of the carpet did not impact its classification as capital expenditure. Case-Laws Income Tax Wed, 13 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18753