https://www.taxtmi.com/caselaws?id=21035 The court ruled in favor of the assessee regarding the expenditure incurred on the construction of a new wall and the payment made to employees, considering them as allowable revenue expenditures. However, the court decided in favor of the Revenue regarding the provision made for gratuity and the bank guarantee commission, categorizing them as disallowed deductions. The Tribunal was directed to reassess the claim related to bonus or trade loss based on the correct applicable proviso. en-us Thu, 17 Sep 1992 00:00:00 +0530 Wed, 18 Nov 2009 17:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21035 The court ruled in favor of the assessee regarding the expenditure incurred on the construction of a new wall and the payment made to employees, considering them as allowable revenue expenditures. However, the court decided in favor of the Revenue regarding the provision made for gratuity and the bank guarantee commission, categorizing them as disallowed deductions. The Tribunal was directed to reassess the claim related to bonus or trade loss based on the correct applicable proviso. Case-Laws Income Tax Thu, 17 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21035