https://www.taxtmi.com/caselaws?id=21099 Expenditure incurred for valuation of business assets and related dilution costs during restructuring was treated as deductible revenue expenditure under section 37 of the Income-tax Act, 1961. The analysis rested on commercial expediency and sound business principles, with the expenditure linked to continuation of business interests in India and laid out wholly and exclusively for business purposes. On that basis, the valuation-related costs were held to be an admissible deduction in favour of the assessee. en-us Thu, 04 Jun 1992 00:00:00 +0530 Fri, 20 Nov 2009 10:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21099 Expenditure incurred for valuation of business assets and related dilution costs during restructuring was treated as deductible revenue expenditure under section 37 of the Income-tax Act, 1961. The analysis rested on commercial expediency and sound business principles, with the expenditure linked to continuation of business interests in India and laid out wholly and exclusively for business purposes. On that basis, the valuation-related costs were held to be an admissible deduction in favour of the assessee. Case-Laws Income Tax Thu, 04 Jun 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21099