https://www.taxtmi.com/caselaws?id=22740 Foreign tour expenditure incurred for directors was not wholly deductible as revenue outlay where the technical collaboration agreement was composite and related both to the existing hotel business and to hotel projects under construction. Expenditure linked to the running hotel business was revenue in nature, but the portion attributable to hotels under construction was capital in nature. On that basis, full allowance was denied and the apportionment made by the income-tax authorities was upheld, with the issue answered against the assessee and in favour of the Revenue. en-us Wed, 20 Feb 1991 00:00:00 +0530 Sat, 12 Dec 2009 16:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22740 Foreign tour expenditure incurred for directors was not wholly deductible as revenue outlay where the technical collaboration agreement was composite and related both to the existing hotel business and to hotel projects under construction. Expenditure linked to the running hotel business was revenue in nature, but the portion attributable to hotels under construction was capital in nature. On that basis, full allowance was denied and the apportionment made by the income-tax authorities was upheld, with the issue answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 20 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22740