https://www.taxtmi.com/caselaws?id=75016 The High Court upheld the Tribunal's decision against the appellant regarding deductions claimed under Section 80-I and treatment of travelling expenses as capital expenditure. The court affirmed these decisions based on previous rulings and the direct link of expenses to asset purchase. However, the court directed the Assessing Officer to verify the treatment of excise duty on closing stock before making any adjustments, as contested in a rectification application. en-us Wed, 17 Feb 2010 00:00:00 +0530 Thu, 31 Jan 2013 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75016 The High Court upheld the Tribunal's decision against the appellant regarding deductions claimed under Section 80-I and treatment of travelling expenses as capital expenditure. The court affirmed these decisions based on previous rulings and the direct link of expenses to asset purchase. However, the court directed the Assessing Officer to verify the treatment of excise duty on closing stock before making any adjustments, as contested in a rectification application. Case-Laws Income Tax Wed, 17 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75016