https://www.taxtmi.com/caselaws?id=118214 The payment of Rs. 18 crores to Shri Amitabh Bachchan and Smt. Jaya Bachchan was determined to be revenue expenditure rather than capital expenditure. The entire amount was allowed as a deduction in the assessment year 1995-96, with no spreading over ten years required. The Tribunal held that the payment facilitated business operations and was incurred wholly and exclusively for business purposes in that year, leading to the allowance of the expenditure in the year of payment itself. Consequently, the appeal of the assessee was allowed, and the cross-objection of the revenue was dismissed. en-us Mon, 05 Jun 2006 00:00:00 +0530 Fri, 29 Jun 2012 12:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118214 The payment of Rs. 18 crores to Shri Amitabh Bachchan and Smt. Jaya Bachchan was determined to be revenue expenditure rather than capital expenditure. The entire amount was allowed as a deduction in the assessment year 1995-96, with no spreading over ten years required. The Tribunal held that the payment facilitated business operations and was incurred wholly and exclusively for business purposes in that year, leading to the allowance of the expenditure in the year of payment itself. Consequently, the appeal of the assessee was allowed, and the cross-objection of the revenue was dismissed. Case-Laws Income Tax Mon, 05 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118214