https://www.taxtmi.com/caselaws?id=23450 The court directed the Tribunal to refer specific questions regarding the classification of expenditures as revenue or capital in nature, including contingent liabilities and repairs. The court emphasized the need to determine the nature of the repairs expenditure in relation to the assessee's business. Additionally, the court directed a reference to assess the reduction of disallowance under entertainment expenses and the allowance of a weighted deduction on specific expenditure. The classification of shifting expenditure as revenue or capital nature was also referred for clarification. The court disposed of the petition without awarding costs. en-us Fri, 04 Aug 1989 00:00:00 +0530 Sat, 19 Dec 2009 13:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23450 The court directed the Tribunal to refer specific questions regarding the classification of expenditures as revenue or capital in nature, including contingent liabilities and repairs. The court emphasized the need to determine the nature of the repairs expenditure in relation to the assessee's business. Additionally, the court directed a reference to assess the reduction of disallowance under entertainment expenses and the allowance of a weighted deduction on specific expenditure. The classification of shifting expenditure as revenue or capital nature was also referred for clarification. The court disposed of the petition without awarding costs. Case-Laws Income Tax Fri, 04 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23450