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1982 (12) TMI 109 - AT - Income Tax
Extract:
.......n the case of New India Assurance Co. as well as in the case of Hindusthan Klockner Switchgear Ltd. For these reasons, we are satisfied that this does not represent a capital expenditure either. Under the circumstances, it has to be considered only as a revenue expenditure and allowed as a deduction. 42. In the result, the appeal is partly allowed.