https://www.taxtmi.com/caselaws?id=12115 The High Court dismissed the Revenue's appeal, upholding the Tribunal's decision to allow the commission and interest expenses as revenue expenditure. The decision was based on the purpose of modernization and expansion of the existing business, emphasizing the significance of factual findings and legal precedents in determining the nature of expenses for tax purposes. en-us Fri, 01 Nov 2002 00:00:00 +0530 Wed, 17 Feb 2010 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12115 The High Court dismissed the Revenue's appeal, upholding the Tribunal's decision to allow the commission and interest expenses as revenue expenditure. The decision was based on the purpose of modernization and expansion of the existing business, emphasizing the significance of factual findings and legal precedents in determining the nature of expenses for tax purposes. Case-Laws Income Tax Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12115