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2007 (10) TMI 286 - HC - Income Tax
Assessee decided to expand its activities and, therefore, undertook a fuel injection equipment project for which assessee incurred an expenditure towards acquisition of plant and machinery - control over the two units is in the hands of the same management and administration - There can be no dispute that new venture was managed from common funds - it can be said that the fuel injection equipment project is only an extension of the existing business and, therefore, the expenditure incurred on this project is a revenue expenditure