Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1988 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1988 (12) TMI 337 - BOMBAY HIGH COURTExtract: .......he facts of each case. Having due regard to the above stated facts in this case we hold that the expenditure is of capital nature and the Tribunal was not right in allowing the same as revenue expenditure. Accordingly, the second question is answered in the negative and in favour of the revenue. No order as lo costs. Reference answered accordingly.
|