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<h1>Court allows marketing expenses as revenue, permits foreign technicians' travel costs deduction for Greek company in India.</h1> The High Court of Madras held that the marketing expenses incurred by a Greek company in India for rubber gaskets were revenue expenditures. The court ... Business Expenditure, Capital Or Revenue Expenditure The High Court of Madras ruled that the marketing of rubber gaskets by a Greek company in India for laying pipelines was a revenue expenditure, not capital expenditure. The court upheld the decision of the Tribunal, allowing the deduction of travelling expenses for foreign technicians. The case concerned the assessment year 1978-79.
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