Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1998 (4) TMI 108 - GUJARAT HIGH COURT
Extract:
....... loss is obviously required to be considered as a capital expenditure and it cannot be allowed as a revenue expenditure, as rightly held by the Tribunal. Question No. 6 is answered in the affirmative and against the assessee. The questions referred to us stand answered as above and the reference is disposed of accordingly with no order as to costs.