https://www.taxtmi.com/caselaws?id=759097 Dispute concerns allowability of expenditure under section 37(1) and whether the appellate reversal was perverse for failing to apply binding Supreme Court precedents, including Ramaraju Surgical Cotton Mills. The text highlights the Tribunal's duty to consider and apply higher court authority when examining tax deduction claims and appellate findings. The Supreme Court order records that the Special Leave Petitions were dismissed, leaving the High Court's revenue-favouring view undisturbed. en-us Fri, 20 Sep 2024 00:00:00 +0530 Thu, 30 Apr 2026 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759097 Dispute concerns allowability of expenditure under section 37(1) and whether the appellate reversal was perverse for failing to apply binding Supreme Court precedents, including Ramaraju Surgical Cotton Mills. The text highlights the Tribunal's duty to consider and apply higher court authority when examining tax deduction claims and appellate findings. The Supreme Court order records that the Special Leave Petitions were dismissed, leaving the High Court's revenue-favouring view undisturbed. Case-Laws Income Tax Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759097