https://www.taxtmi.com/caselaws?id=19334 The High Court upheld the Tribunal's decision, confirming the ship repair expenditure as revenue expenditure. It ruled in favor of the Revenue on deducting loans under section 80J and in favor of the assessee on the applicability of section 40(c) to directors. The case was disposed of without any order on costs. en-us Thu, 01 Dec 1994 00:00:00 +0530 Thu, 05 Nov 2009 15:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19334 The High Court upheld the Tribunal's decision, confirming the ship repair expenditure as revenue expenditure. It ruled in favor of the Revenue on deducting loans under section 80J and in favor of the assessee on the applicability of section 40(c) to directors. The case was disposed of without any order on costs. Case-Laws Income Tax Thu, 01 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19334