https://www.taxtmi.com/caselaws?id=216716 The Court held that expenses towards the joint venture and market research were capital in nature and not deductible. However, the Court upheld the deduction for wage arrears liability as expenditure. The appeal was partly allowed, with the amounts related to the joint venture and market research being added back to the assessee's income for taxation purposes. en-us Fri, 14 Sep 2012 00:00:00 +0530 Thu, 20 Sep 2012 00:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216716 The Court held that expenses towards the joint venture and market research were capital in nature and not deductible. However, the Court upheld the deduction for wage arrears liability as expenditure. The appeal was partly allowed, with the amounts related to the joint venture and market research being added back to the assessee's income for taxation purposes. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216716