Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1982 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1982 (5) TMI 14 - HC - Income TaxExtract: .......iture was incurred with a view to acquire a capital asset and must be treated as a capital expenditure. The view taken by the Tribunal does not appear to be justified. Our answer to the question referred is that the expenditure of Rs. 13,254 on account of unsuccessful tube-well expenses was a capital expenditure. Parties shall bear their own costs.
|