https://www.taxtmi.com/caselaws?id=251870 The High Court determined that the expenses incurred on salaries were revenue expenditure as they were essential for the core business activity of making the rigs operational. The Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the respondent-assessee and dismissing the appeal by the revenue without costs. en-us Thu, 18 Sep 2014 00:00:00 +0530 Wed, 01 Oct 2014 06:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251870 The High Court determined that the expenses incurred on salaries were revenue expenditure as they were essential for the core business activity of making the rigs operational. The Court upheld the decision of the Income Tax Appellate Tribunal, ruling in favor of the respondent-assessee and dismissing the appeal by the revenue without costs. Case-Laws Income Tax Thu, 18 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251870