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1973 (10) TMI 5 - HC - Income TaxCommercial expediency - Assessee is a private limited company carrying on business in the purchase and sale of motor vehicles, spare parts and accessories and agricultural implements besides having a number of workshops where servicing and repairs to vehicles as well as body building is done - assessee-company bought land in the name of District Collector for construction of houses for company's workers by Government under a scheme. Similar expenditure was to be incurred for a few years. Whether the amount spent for the purchase can said to be wholly and exclusively for the purpose of the assessee's business and whether assessee acquired a capital asset or advantage of an enduring benefit
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