2006 (2) TMI 672

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.... tax case appeal is directed against the order of the Income-tax Appellate Tribunal in ITA No.22/Mds/1997 dated 13.11.2003. 2. The Revenue is the appellant. During the previous year relevant to the assessment year 1993-94, the assessee's claim with respect to social and welfare community expenses was disallowed by the assessing officer. Aggrieved by the said order, the assessee filed an appe....

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....ME TAX v. MADRAS REFINERIES LTD. (266 ITR 170) and CHERAN ENGINEERING CORPORATION LTD. v. COMMISSIONER OF INCOME-TAX (238 ITR 892). 5. This Court, in COMMISSIONER OF INCOME TAX v. MADRAS REFINERIES LTD. (266 ITR 170), held that the expenses incurred to earn goodwill of local community is deductible as business expenditure. 6. In CHERAN ENGINEERING CORPORATION LTD. v. COMMISSIONER OF INCOME-TAX (....