https://www.taxtmi.com/caselaws?id=35627 The High Court upheld the Tribunal's decision that the contribution made by a company to a municipality for a pipeline for effluent disposal constituted a revenue expenditure. The court found the expenditure to be incurred for business expediency and allowable as a revenue deduction under section 37 of the Income Tax Act. Regarding the requirement for the Appellate Tribunal to state a case under section 256(2) of the Act, the High Court clarified that it has discretion in this matter and refused to direct the Tribunal to make a reference, deeming the Tribunal's decision correct. en-us Mon, 23 Mar 1981 00:00:00 +0530 Sat, 29 Jul 2017 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35627 The High Court upheld the Tribunal's decision that the contribution made by a company to a municipality for a pipeline for effluent disposal constituted a revenue expenditure. The court found the expenditure to be incurred for business expediency and allowable as a revenue deduction under section 37 of the Income Tax Act. Regarding the requirement for the Appellate Tribunal to state a case under section 256(2) of the Act, the High Court clarified that it has discretion in this matter and refused to direct the Tribunal to make a reference, deeming the Tribunal's decision correct. Case-Laws Income Tax Mon, 23 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35627