https://www.taxtmi.com/caselaws?id=400652 Stamp duty and mortgage charges incurred to obtain business borrowing were treated as revenue expenditure because they were incidental to securing borrowed funds, not to acquiring an asset or enduring advantage. The purpose of the loan was held to be irrelevant where the expense was connected with obtaining the loan itself, so the disallowance was unsustainable and the expenditure was allowable in computing business income. en-us Wed, 14 Oct 2020 00:00:00 +0530 Fri, 13 Nov 2020 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400652 Stamp duty and mortgage charges incurred to obtain business borrowing were treated as revenue expenditure because they were incidental to securing borrowed funds, not to acquiring an asset or enduring advantage. The purpose of the loan was held to be irrelevant where the expense was connected with obtaining the loan itself, so the disallowance was unsustainable and the expenditure was allowable in computing business income. Case-Laws Income Tax Wed, 14 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400652