https://www.taxtmi.com/caselaws?id=8929 Expenditure incurred to engage foreign technicians for examining an existing plant was treated as revenue expenditure because it was directed to improving operating methods and business efficiency, not to creating a new asset or an enduring advantage. The court held that increased output and technical know-how, on these facts, did not change the character of the outlay where it remained integrally connected with the profit-earning process of the existing business. The amount was therefore allowable as a deduction as revenue expenditure under section 10(2)(xv) of the Indian Income-tax Act, 1922. en-us Thu, 24 Aug 1972 00:00:00 +0530 Wed, 17 Jun 2009 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8929 Expenditure incurred to engage foreign technicians for examining an existing plant was treated as revenue expenditure because it was directed to improving operating methods and business efficiency, not to creating a new asset or an enduring advantage. The court held that increased output and technical know-how, on these facts, did not change the character of the outlay where it remained integrally connected with the profit-earning process of the existing business. The amount was therefore allowable as a deduction as revenue expenditure under section 10(2)(xv) of the Indian Income-tax Act, 1922. Case-Laws Income Tax Thu, 24 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8929