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1979 (8) TMI 46 - HC - Income Tax
Extract:
.......ns stated, our answer to the question is in the affirmative and in favour of the assessee, holding that the expenditure of Rs. 15,851 incurred by the assessee on account of replacement of the motor engine is allowable as revenue expenditure under s. 31 of the Act in computing the assessee s income from business. There shall be no order as to costs.