https://www.taxtmi.com/caselaws?id=21016 The High Court held that the expenditure of Rs. 3,24,179 incurred by the assessee was a revenue deduction, not capital expenditure, as it was for rationalization of administrative machinery and relocation of the factory, providing no enduring benefit. Legal expenses for share purchase were not addressed due to procedural issues. The judgment favored the assessee, citing legal principles, including Alembic Chemical Works Co. Ltd. v. CIT, and no costs were awarded. en-us Fri, 12 Feb 1993 00:00:00 +0530 Wed, 18 Nov 2009 16:38:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21016 The High Court held that the expenditure of Rs. 3,24,179 incurred by the assessee was a revenue deduction, not capital expenditure, as it was for rationalization of administrative machinery and relocation of the factory, providing no enduring benefit. Legal expenses for share purchase were not addressed due to procedural issues. The judgment favored the assessee, citing legal principles, including Alembic Chemical Works Co. Ltd. v. CIT, and no costs were awarded. Case-Laws Income Tax Fri, 12 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21016