https://www.taxtmi.com/caselaws?id=209949 The High Court dismissed the appeal for the assessment year 1994-95, holding the expenditure as capital in nature. For the assessment years 2005-06 and 2006-07, the appeals were dismissed, affirming the expenditure as revenue in nature and allowable under Sections 31 and 37 of the Act. en-us Fri, 03 Jun 2011 00:00:00 +0530 Wed, 04 May 2016 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209949 The High Court dismissed the appeal for the assessment year 1994-95, holding the expenditure as capital in nature. For the assessment years 2005-06 and 2006-07, the appeals were dismissed, affirming the expenditure as revenue in nature and allowable under Sections 31 and 37 of the Act. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209949