https://www.taxtmi.com/caselaws?id=55479 Expenditure on preparing and exhibiting an advertisement film was held to be revenue in nature because it was used in the relevant year, became useless within less than two years, and did not create an enduring asset or advantage; the related deduction was therefore allowed. Damages paid under section 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 were not allowable as a deduction because binding jurisdictional precedent treated them as inadmissible expenditure; the disallowance was restored. en-us Fri, 09 Aug 1991 00:00:00 +0530 Mon, 16 May 2016 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55479 Expenditure on preparing and exhibiting an advertisement film was held to be revenue in nature because it was used in the relevant year, became useless within less than two years, and did not create an enduring asset or advantage; the related deduction was therefore allowed. Damages paid under section 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 were not allowable as a deduction because binding jurisdictional precedent treated them as inadmissible expenditure; the disallowance was restored. Case-Laws Income Tax Fri, 09 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55479