https://www.taxtmi.com/highlights?id=13940 Once expenditure was of revenue nature and was incurred for expanding existing line of business it could have been allowed under Section 37 of the Act. - No doubt, assessee's claim was only for one-third of total outgo. - However, for this reason alone, a disallowance could not have been made - AT en-us Sat, 17 Aug 2013 16:45:43 +0530 Sat, 17 Aug 2013 16:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=13940 Once expenditure was of revenue nature and was incurred for expanding existing line of business it could have been allowed under Section 37 of the Act. - No doubt, assessee's claim was only for one-third of total outgo. - However, for this reason alone, a disallowance could not have been made - AT Highlights Income Tax Sat, 17 Aug 2013 16:45:43 +0530 https://www.taxtmi.com/highlights?id=13940