https://www.taxtmi.com/caselaws?id=20243 The Tribunal ruled in favor of the Revenue, disallowing the deduction claimed by the assessee for capital expenditure incurred in a previous year for a pilot plant. The Tribunal held that the entire capital expenditure from the previous year should be deducted for that year, emphasizing that actual spending is required for the deduction, not just becoming liable for payment. Judge R. K. Patra concurred with the decision, and no costs were awarded. en-us Wed, 10 Nov 1993 00:00:00 +0530 Thu, 12 Nov 2009 16:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20243 The Tribunal ruled in favor of the Revenue, disallowing the deduction claimed by the assessee for capital expenditure incurred in a previous year for a pilot plant. The Tribunal held that the entire capital expenditure from the previous year should be deducted for that year, emphasizing that actual spending is required for the deduction, not just becoming liable for payment. Judge R. K. Patra concurred with the decision, and no costs were awarded. Case-Laws Income Tax Wed, 10 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20243