2008 (9) TMI 1002

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..... ax Appeal No. 161 OF 2007 - -
Income Tax
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Bilal Nazki And A. A. Kumbhakoni, JJ. Mkr. J. S. Saluja, for the Appellant. Mr. Pardiwala with Atul Jasnani, for the Respondent. PC :- 1. Pre .....

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..... 2 Supreme Court 2195. In paragraph 20 of the judgment, the Supreme Court held that, such an expenditure was allowable under Section 37(1) of the Income Tax Act and was not an expenditure of a capital .....

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