Sec. 36(1)(iii)

Sec. 36(1)(iii)

S.C : There is nexus between expenditure and purpose of business (which need not necessarily be business of assessee itself), revenue cannot justifiably claim to put itself in arm-chair of businessman or in position of Board of Directors and assume role to decide how much is reasonable expenditure having regard to circumstances of case

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Supreme Court Of India Hero Cycles (P.) Ltd. vs. CIT (Central), Ludhiana Assessment Year : 1988-89 Section : 36(1)(iii) A.K. […]

Income Tax Case Laws, Sec. 36(1)(iii), Sec. 37(1), Section 43B

Delhi H.C : the Commissioner of Income Tax (Appeals) [‘CIT (A)’] and affirmed by the ITAT of addition made by the Assessing Officer (‘AO’) of Rs. 30,450 and Rs. 46,40,822 under Section 43(B) of the Act on account of delayed contribution of ESI, provident fund (‘PF’) and superannuation fund

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High Court Of Delhi CIT-ii vs. Modi Rubber Ltd. Assessment Year : 2001-02 Section : 36(1)(iii), 37(1), 43B Dr. S.

Sec. 36(1)(iii)

Gujarat H.C : Whether the Appellate Tribunal is right in law and on facts in deleting the addition made on account of suppression of production by showing excess scrap, when in the statement recorded under Section 132(4) the Director of the assessee accepted that scrap generation was being entered into RG1 register on an estimate basis, and the addition was confirmed by the CIT(A)

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High Court Of Gujarat CIT-II vs. Gujarat Foils Ltd. Section 36(1)(iii) Assessment year 1999-2000 M. R. Shah And S.H. Vora,

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