https://www.taxtmi.com/caselaws?id=23668 The High Court held that expenses incurred in investigation, research, and feasibility study were revenue expenditure and deductible under section 37(1) of the Income-tax Act as they aimed at enlarging the assessee's income. The payment made to the Labour and Industrial Bureau was also considered a revenue expenditure incidental to the business activities, thus allowed as a deduction. The Court ruled in favor of the assessee in both cases, dismissing the Income-tax References brought by the Revenue. en-us Tue, 31 Jan 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:27:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23668 The High Court held that expenses incurred in investigation, research, and feasibility study were revenue expenditure and deductible under section 37(1) of the Income-tax Act as they aimed at enlarging the assessee's income. The payment made to the Labour and Industrial Bureau was also considered a revenue expenditure incidental to the business activities, thus allowed as a deduction. The Court ruled in favor of the assessee in both cases, dismissing the Income-tax References brought by the Revenue. Case-Laws Income Tax Tue, 31 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23668