https://www.taxtmi.com/caselaws?id=70404 The Tribunal determined that the cost of the book 'World Chlor Alkali Outlook 1980-1990' was a revenue expenditure, eligible for deduction under Section 37 of the Income-tax Act, 1961. It was deemed essential for the assessee's consultancy business without conferring enduring benefits, leading to the allowance of the deduction and overturning the Commissioner of Income-tax (Appeals)'s decision. The appeal by the assessee was successful, directing the Income-tax Officer to permit the deduction of Rs. 56,771 as revenue expenditure. en-us Wed, 30 May 1990 00:00:00 +0530 Sat, 16 Apr 2011 10:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70404 The Tribunal determined that the cost of the book 'World Chlor Alkali Outlook 1980-1990' was a revenue expenditure, eligible for deduction under Section 37 of the Income-tax Act, 1961. It was deemed essential for the assessee's consultancy business without conferring enduring benefits, leading to the allowance of the deduction and overturning the Commissioner of Income-tax (Appeals)'s decision. The appeal by the assessee was successful, directing the Income-tax Officer to permit the deduction of Rs. 56,771 as revenue expenditure. Case-Laws Income Tax Wed, 30 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70404