https://www.taxtmi.com/caselaws?id=14640 The High Court held that the foreign tour expenditure incurred by the assessee was capital in nature, not revenue expenditure. The trips were deemed exploratory for setting up a new plant, leading to the conclusion that the expenditure was not allowable as revenue expenditure. The Court ruled in favor of the Revenue and against the assessee, stating that the Tribunal had erred in its classification. The reference was disposed of with no order as to costs. en-us Tue, 23 Jun 1998 00:00:00 +0530 Fri, 17 Jul 2009 16:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14640 The High Court held that the foreign tour expenditure incurred by the assessee was capital in nature, not revenue expenditure. The trips were deemed exploratory for setting up a new plant, leading to the conclusion that the expenditure was not allowable as revenue expenditure. The Court ruled in favor of the Revenue and against the assessee, stating that the Tribunal had erred in its classification. The reference was disposed of with no order as to costs. Case-Laws Income Tax Tue, 23 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14640