https://www.taxtmi.com/caselaws?id=7724 Expenditure on a foreign tour to attend an international printers' conference and inspect factories and exhibitions was held deductible as business expenditure where its dominant purpose was to advance the assessee's printing business. Spending to keep abreast of technical developments, acquire knowledge, inspect machinery, and improve business prospects did not become capital merely because it could also enhance prestige or goodwill. The fact that the assessee travelled as a delegate of an association did not change the essential character of the outlay. Only the personal element was disallowed; the balance was treated as revenue expenditure laid out wholly and exclusively for business. en-us Tue, 19 Aug 1969 00:00:00 +0530 Wed, 18 Mar 2009 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7724 Expenditure on a foreign tour to attend an international printers' conference and inspect factories and exhibitions was held deductible as business expenditure where its dominant purpose was to advance the assessee's printing business. Spending to keep abreast of technical developments, acquire knowledge, inspect machinery, and improve business prospects did not become capital merely because it could also enhance prestige or goodwill. The fact that the assessee travelled as a delegate of an association did not change the essential character of the outlay. Only the personal element was disallowed; the balance was treated as revenue expenditure laid out wholly and exclusively for business. Case-Laws Income Tax Tue, 19 Aug 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7724