https://www.taxtmi.com/caselaws?id=58192 Accrued salary, wage and bonus liabilities were allowed only where the obligation arose under an agreement executed during the relevant year, while later agreements and mere book provisions were not enough. Initial contribution to an approved superannuation fund was fully deductible. Advertising and sales promotion expenditure required item-wise segregation under section 37(3A), with some items allowed and others disallowed. Forklift depreciation and investment allowance were allowed only for qualifying factory assets. Legal and professional charges linked to property acquisition and mezzanine construction were treated as capital. Perquisite and travel disallowance computations were largely upheld, guest-house hotel accommodation required factual verification, repairs to existing machinery and premises were treated substantially as revenue, and the Revenue's objections on bonus merchandise, factory roads, extra-shift allowance and related items were rejected. en-us Thu, 15 Dec 1988 00:00:00 +0530 Fri, 17 Dec 2010 17:34:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58192 Accrued salary, wage and bonus liabilities were allowed only where the obligation arose under an agreement executed during the relevant year, while later agreements and mere book provisions were not enough. Initial contribution to an approved superannuation fund was fully deductible. Advertising and sales promotion expenditure required item-wise segregation under section 37(3A), with some items allowed and others disallowed. Forklift depreciation and investment allowance were allowed only for qualifying factory assets. Legal and professional charges linked to property acquisition and mezzanine construction were treated as capital. Perquisite and travel disallowance computations were largely upheld, guest-house hotel accommodation required factual verification, repairs to existing machinery and premises were treated substantially as revenue, and the Revenue's objections on bonus merchandise, factory roads, extra-shift allowance and related items were rejected. Case-Laws Income Tax Thu, 15 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58192