https://www.taxtmi.com/caselaws?id=371279 The Supreme Court allowed the appellant's claim for deduction under section 37 of the Income Tax Act, 1961, regarding the expenditure incurred for purchasing laboratory equipment. The Court held that the expenses for setting up infrastructure in the government laboratory were revenue in nature as they facilitated day-to-day business operations without acquiring ownership rights. The Tribunal's decision to disallow the claim was overturned, and the appellant was granted the right to treat the expenses as revenue expenditure, based on the Government Order directing the purchase of essential equipment for liquor sample examination. en-us Mon, 24 Sep 2018 00:00:00 +0530 Fri, 30 Nov 2018 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371279 The Supreme Court allowed the appellant's claim for deduction under section 37 of the Income Tax Act, 1961, regarding the expenditure incurred for purchasing laboratory equipment. The Court held that the expenses for setting up infrastructure in the government laboratory were revenue in nature as they facilitated day-to-day business operations without acquiring ownership rights. The Tribunal's decision to disallow the claim was overturned, and the appellant was granted the right to treat the expenses as revenue expenditure, based on the Government Order directing the purchase of essential equipment for liquor sample examination. Case-Laws Income Tax Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371279