https://www.taxtmi.com/caselaws?id=19115 Commission of inquiry expenses incurred in the relevant assessment year were examined for deductibility as revenue expenditure. The Tribunal had treated the outlay as outside normal business hazard and not wholly and exclusively for business purposes, but the High Court applied its earlier decisions involving the same assessee and followed the same reasoning. The expenditure was held to be allowable as revenue expenditure, and the reference was answered in favour of the assessee. en-us Tue, 16 May 1995 00:00:00 +0530 Wed, 04 Nov 2009 11:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19115 Commission of inquiry expenses incurred in the relevant assessment year were examined for deductibility as revenue expenditure. The Tribunal had treated the outlay as outside normal business hazard and not wholly and exclusively for business purposes, but the High Court applied its earlier decisions involving the same assessee and followed the same reasoning. The expenditure was held to be allowable as revenue expenditure, and the reference was answered in favour of the assessee. Case-Laws Income Tax Tue, 16 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19115