https://www.taxtmi.com/caselaws?id=20013 The court addressed issues related to reassessment proceedings under the Income-tax Act, 1961 for assessment years 1968-69 and 1969-70. It determined the classification of expenditure as revenue or capital, emphasizing adherence to legal principles and court orders in tax assessments. The court directed the Income-tax Appellate Tribunal to refer questions for its opinion and awarded costs to the Revenue. The judgment highlighted the complexity of interpreting reassessment proceedings and expenditure classification. en-us Mon, 08 Nov 1993 00:00:00 +0530 Wed, 11 Nov 2009 11:28:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20013 The court addressed issues related to reassessment proceedings under the Income-tax Act, 1961 for assessment years 1968-69 and 1969-70. It determined the classification of expenditure as revenue or capital, emphasizing adherence to legal principles and court orders in tax assessments. The court directed the Income-tax Appellate Tribunal to refer questions for its opinion and awarded costs to the Revenue. The judgment highlighted the complexity of interpreting reassessment proceedings and expenditure classification. Case-Laws Income Tax Mon, 08 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20013