https://www.taxtmi.com/caselaws?id=797172 Business expenditure incurred wholly and exclusively for road and bridge projects in the ordinary course is deductible under section 37(1), even where no corresponding income is booked for a particular project. Absence of project-specific income does not itself invalidate the expenditure; the relevant enquiry is whether taxable receipts or income escaped recognition. Income from one project had been recorded, and identical findings for the preceding assessment year had attained finality. The disallowance was therefore deleted, sustaining deduction of the infrastructure-project expenditure. en-us Wed, 12 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797172 Business expenditure incurred wholly and exclusively for road and bridge projects in the ordinary course is deductible under section 37(1), even where no corresponding income is booked for a particular project. Absence of project-specific income does not itself invalidate the expenditure; the relevant enquiry is whether taxable receipts or income escaped recognition. Income from one project had been recorded, and identical findings for the preceding assessment year had attained finality. The disallowance was therefore deleted, sustaining deduction of the infrastructure-project expenditure. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797172