https://www.taxtmi.com/caselaws?id=206668 Expenditure on exploration, production, bidding and project-related travel was treated as revenue expenditure because it was integrally connected with the assessee's existing business, and the earlier view in its own case was followed. Lease-rental receipts representing principal repayment were held taxable where depreciation had already been allowed on the leased asset, with the assessee's alternative position kept open if depreciation is later disallowed. Branch profits of the Oman and Qatar operations were excluded from Indian taxation because they were attributable to a permanent establishment and had already been taxed in the source State under the relevant DTAA. Proportionate interest on borrowed funds used for the jetty was allowable where funds were intermingled and business use of the asset was established. en-us Fri, 12 Aug 2011 00:00:00 +0530 Mon, 25 Apr 2016 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206668 Expenditure on exploration, production, bidding and project-related travel was treated as revenue expenditure because it was integrally connected with the assessee's existing business, and the earlier view in its own case was followed. Lease-rental receipts representing principal repayment were held taxable where depreciation had already been allowed on the leased asset, with the assessee's alternative position kept open if depreciation is later disallowed. Branch profits of the Oman and Qatar operations were excluded from Indian taxation because they were attributable to a permanent establishment and had already been taxed in the source State under the relevant DTAA. Proportionate interest on borrowed funds used for the jetty was allowable where funds were intermingled and business use of the asset was established. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206668