Expenditure

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... "1. The act of expending ; disbursement; consumption. 2. that which is expended..." In Corpus Juris Secundum (Vol. 35), "expenditure" has been defined as follows : "In ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Court in the context of the Income-tax Act itself in Indian Molasses Co. P. Ltd. v. CIT - 1959 (5) TMI 5 - SUPREME COURT, where expenditure has been defined as follows (p. 78) : "'spendin....