https://www.taxtmi.com/caselaws?id=12322 The High Court of Rajasthan ruled in favor of the company in a case concerning expenditures incurred during the assessment year 1988-89. The court held that the cost of purchasing a T.V. set for staff welfare was a legitimate business expenditure, with ownership vested in the club, not the company. Additionally, the payment made for the renewal of a mining lease was deemed not to confer an enduring benefit, thus not constituting capital expenditure. The court rejected the Revenue's reference application, emphasizing the factual nature of the questions raised and the lack of legal issues for reference. en-us Fri, 22 Feb 2002 00:00:00 +0530 Sun, 21 Feb 2010 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12322 The High Court of Rajasthan ruled in favor of the company in a case concerning expenditures incurred during the assessment year 1988-89. The court held that the cost of purchasing a T.V. set for staff welfare was a legitimate business expenditure, with ownership vested in the club, not the company. Additionally, the payment made for the renewal of a mining lease was deemed not to confer an enduring benefit, thus not constituting capital expenditure. The court rejected the Revenue's reference application, emphasizing the factual nature of the questions raised and the lack of legal issues for reference. Case-Laws Income Tax Fri, 22 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12322