https://www.taxtmi.com/caselaws?id=176214 Expenditure incurred in opening new branches, sub-branches and pay offices was held not to be capable of arbitrary spread over twenty years; where the outlay was otherwise admissible under Section 10(2)(xv), the whole amount was deductible in the year incurred. The same principle applied to branch-opening and publicity-related expenses, including advertisement, entertainment, photographs and invitation cards. Because the expenditure was incurred for expansion of an existing business, and did not create a new asset or enduring capital advantage, it was treated as revenue expenditure laid out wholly and exclusively for the business and fully allowable in the relevant year. en-us Tue, 08 Jan 1952 00:00:00 +0530 Thu, 17 Dec 2015 11:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176214 Expenditure incurred in opening new branches, sub-branches and pay offices was held not to be capable of arbitrary spread over twenty years; where the outlay was otherwise admissible under Section 10(2)(xv), the whole amount was deductible in the year incurred. The same principle applied to branch-opening and publicity-related expenses, including advertisement, entertainment, photographs and invitation cards. Because the expenditure was incurred for expansion of an existing business, and did not create a new asset or enduring capital advantage, it was treated as revenue expenditure laid out wholly and exclusively for the business and fully allowable in the relevant year. Case-Laws Income Tax Tue, 08 Jan 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176214