https://www.taxtmi.com/caselaws?id=15038 Travelling expenses incurred to secure a supply arrangement for rubber gaskets were treated as revenue expenditure because the technicians were engaged to study technical requirements, specifications and local conditions for marketing an existing product, not to create a capital asset or enter the capital field. The fact that the product was marketed in India for the first time did not by itself constitute a new business, since there was no new manufacturing venture. The deduction was therefore allowable in the relevant year, and the questions were answered against the Revenue and in favour of the assessee. en-us Wed, 19 Aug 1998 00:00:00 +0530 Mon, 27 Jul 2009 17:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15038 Travelling expenses incurred to secure a supply arrangement for rubber gaskets were treated as revenue expenditure because the technicians were engaged to study technical requirements, specifications and local conditions for marketing an existing product, not to create a capital asset or enter the capital field. The fact that the product was marketed in India for the first time did not by itself constitute a new business, since there was no new manufacturing venture. The deduction was therefore allowable in the relevant year, and the questions were answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Wed, 19 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15038