https://www.taxtmi.com/caselaws?id=16620 The High Court concluded that the new theatre was an expansion of the existing business, and the interest paid on borrowed funds for its construction should be treated as revenue expenditure. The Court ruled in favor of the assessee, confirming the Tribunal's decision to allow the interest deduction as revenue expenditure. en-us Thu, 09 Jul 1998 00:00:00 +0530 Tue, 08 Sep 2009 18:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16620 The High Court concluded that the new theatre was an expansion of the existing business, and the interest paid on borrowed funds for its construction should be treated as revenue expenditure. The Court ruled in favor of the assessee, confirming the Tribunal's decision to allow the interest deduction as revenue expenditure. Case-Laws Income Tax Thu, 09 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16620