https://www.taxtmi.com/caselaws?id=175285 The Tribunal and High Court ruled that the Rs. 4,19,910 expenditure for a new project was of a capital nature and not deductible as revenue expenditure. The Rs. 11,805 guest house expenses were disallowed as they included non-deductible items. However, the Rs. 8,550 legal expenses were held to be deductible. The outcome favored the revenue for the first two issues and the assessee for the third issue. No costs were awarded. en-us Mon, 04 Sep 1989 00:00:00 +0530 Tue, 17 Nov 2015 16:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175285 The Tribunal and High Court ruled that the Rs. 4,19,910 expenditure for a new project was of a capital nature and not deductible as revenue expenditure. The Rs. 11,805 guest house expenses were disallowed as they included non-deductible items. However, the Rs. 8,550 legal expenses were held to be deductible. The outcome favored the revenue for the first two issues and the assessee for the third issue. No costs were awarded. Case-Laws Income Tax Mon, 04 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175285