https://www.taxtmi.com/caselaws?id=21234 The High Court of Gujarat ruled in a case concerning the allowability of an amount of Rs. 16,750 as revenue expenditure by a co-operative society that had received a loan from the Gujarat Government. The Court determined that the amount did not belong to the society but was required to be passed over to the Government due to the terms of the loan agreement. The Court upheld the decision of the Tribunal and the Appellate Assistant Commissioner, concluding that no question of law arose and ruling in favor of the society against the Revenue. en-us Tue, 08 Sep 1992 00:00:00 +0530 Sat, 21 Nov 2009 10:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21234 The High Court of Gujarat ruled in a case concerning the allowability of an amount of Rs. 16,750 as revenue expenditure by a co-operative society that had received a loan from the Gujarat Government. The Court determined that the amount did not belong to the society but was required to be passed over to the Government due to the terms of the loan agreement. The Court upheld the decision of the Tribunal and the Appellate Assistant Commissioner, concluding that no question of law arose and ruling in favor of the society against the Revenue. Case-Laws Income Tax Tue, 08 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21234