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1992 (1) TMI 81 - CALCUTTA HIGH COURT
Extract:
....... expenditure incurred is capital in nature. In the premises, we are of the view that the expenditure in question is allowable in computing the assessee s income. For the reasons aforesaid, we answer the question in this reference in the negative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.