https://www.taxtmi.com/caselaws?id=797151 Employee-welfare payments to educational institutions and club expenditure for employees qualify as business expenditure where incurred for efficient business operations and not barred by the restriction on contributions to specified funds. Expenditure on enabling facilities is revenue expenditure if it creates no capital asset. Receipts directly and inextricably connected with project setup are capital receipts deductible from capital work-in-progress. Business-related bad debts, advances and claims may be written off where arising from supplies, shortages or stock transfers. Premiums on foreign-currency hedging contracts are amortisable as ascertained, non-speculative liabilities. Mineral-oil survey expenditure is deductible where permitted by the applicable production-sharing framework. Consistent prior treatment applies where facts and law remain unchanged. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797151 Employee-welfare payments to educational institutions and club expenditure for employees qualify as business expenditure where incurred for efficient business operations and not barred by the restriction on contributions to specified funds. Expenditure on enabling facilities is revenue expenditure if it creates no capital asset. Receipts directly and inextricably connected with project setup are capital receipts deductible from capital work-in-progress. Business-related bad debts, advances and claims may be written off where arising from supplies, shortages or stock transfers. Premiums on foreign-currency hedging contracts are amortisable as ascertained, non-speculative liabilities. Mineral-oil survey expenditure is deductible where permitted by the applicable production-sharing framework. Consistent prior treatment applies where facts and law remain unchanged. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797151