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2013 (12) TMI 195 - HC - Income TaxValuation of stock of spares - Held that:- Following assessee's own case for the assessment year 1994-95 - Decided in favour of Revenue. Pre-operative expenses - Revenue or capital - Held that:- Following The Commissioner of Income Tax, Patiala Vs. Vardhman Spinning & General Mills, Ludhiana [2008 (8) TMI 202 - PUNJAB AND HARYANA HIGH COURT] - The expenses incurred by the assessee for exploring the possibility of setting up of a project is a revenue expenditure as no asset of permanent nature with enduring benefit is acquired by the assessee - Decided against Revenue.
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