1989 (3) TMI 51 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee, a private limited company involved in manufacturing pipes and tubes, allowing Rs. 43,333 spent on constructing a railway platform as revenue expenditure. The decision was based on previous Supreme Court rulings and a decision of the High Court. The expenditure was considered advantageous to the business and hence deductible as revenue expenditure.