https://www.taxtmi.com/caselaws?id=11552 The court upheld the Tribunal's decision to grant deduction for expenses related to generation and maintenance of plantation as well as research and development. It was determined that these expenses were revenue in nature as they did not result in the acquisition of capital assets and were essential for the company's operations and ecological preservation. The appeal by the Revenue was dismissed, with no costs awarded in the case. en-us Tue, 02 Sep 2003 00:00:00 +0530 Fri, 29 Jan 2010 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11552 The court upheld the Tribunal's decision to grant deduction for expenses related to generation and maintenance of plantation as well as research and development. It was determined that these expenses were revenue in nature as they did not result in the acquisition of capital assets and were essential for the company's operations and ecological preservation. The appeal by the Revenue was dismissed, with no costs awarded in the case. Case-Laws Income Tax Tue, 02 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11552