https://www.taxtmi.com/caselaws?id=20419 Contribution to the Molasses Storage Reserve Fund under the Uttar Pradesh Sheera Niyantran Adhiniyam, 1964 was treated as revenue expenditure because it was made under a statutory scheme for business regulation and storage of molasses, and no capital asset or enduring advantage accrued to the assessee. The payment was incurred under compulsion of law for business purposes and did not augment or improve the capital structure. The Revenue's factual challenge that no contribution had been made was outside the referred question and was not entertained. en-us Thu, 12 Apr 1990 00:00:00 +0530 Fri, 13 Nov 2009 18:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20419 Contribution to the Molasses Storage Reserve Fund under the Uttar Pradesh Sheera Niyantran Adhiniyam, 1964 was treated as revenue expenditure because it was made under a statutory scheme for business regulation and storage of molasses, and no capital asset or enduring advantage accrued to the assessee. The payment was incurred under compulsion of law for business purposes and did not augment or improve the capital structure. The Revenue's factual challenge that no contribution had been made was outside the referred question and was not entertained. Case-Laws Income Tax Thu, 12 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20419