https://www.taxtmi.com/caselaws?id=189182 Expenditure incurred by a surgeon on a foreign study tour to keep abreast of modern surgical techniques was held not to be capital expenditure because it did not create any tangible asset or bring in a new source of income, nor was it undertaken to enter a new profession, enlarge its scope, or obtain additional qualifications. The outlay was directed only to maintaining existing professional efficiency and current technical knowledge, and the fact that the study was abroad did not change its character. It was therefore allowable as a deduction in favour of the assessee. en-us Thu, 15 Sep 1960 00:00:00 +0530 Fri, 30 Dec 2016 15:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189182 Expenditure incurred by a surgeon on a foreign study tour to keep abreast of modern surgical techniques was held not to be capital expenditure because it did not create any tangible asset or bring in a new source of income, nor was it undertaken to enter a new profession, enlarge its scope, or obtain additional qualifications. The outlay was directed only to maintaining existing professional efficiency and current technical knowledge, and the fact that the study was abroad did not change its character. It was therefore allowable as a deduction in favour of the assessee. Case-Laws Income Tax Thu, 15 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189182