https://www.taxtmi.com/caselaws?id=37342 The court held that the expenditure incurred for preparing a playground for workers was a revenue expense under sec. 37(1) of the Income-tax Act, 1961, as it did not result in an enduring benefit or increase in land value. The court found the expenditure to be incidental to the company's activities. Additionally, the court confirmed that the moiety of book profits should be included in the capital employed in the industrial undertaking as per rule 19(5) of the Income-tax Rules, 1962. Both issues were decided in favor of the assessee. en-us Wed, 28 Feb 1979 00:00:00 +0530 Mon, 29 Mar 2010 11:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37342 The court held that the expenditure incurred for preparing a playground for workers was a revenue expense under sec. 37(1) of the Income-tax Act, 1961, as it did not result in an enduring benefit or increase in land value. The court found the expenditure to be incidental to the company's activities. Additionally, the court confirmed that the moiety of book profits should be included in the capital employed in the industrial undertaking as per rule 19(5) of the Income-tax Rules, 1962. Both issues were decided in favor of the assessee. Case-Laws Income Tax Wed, 28 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37342