https://www.taxtmi.com/caselaws?id=24633 The court held that the revenue expenditure incurred by the assessee in connection with its new divisions is deductible as business expenditure. The Tribunal, relying on the principle of unity of management, finances, administration, and production, affirmed the decision of the Appellate Assistant Commissioner. Citing precedent, the court ruled in favor of the assessee, directing the Revenue to bear their own costs in the matter. en-us Tue, 07 Jan 1986 00:00:00 +0530 Thu, 21 Jan 2010 13:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24633 The court held that the revenue expenditure incurred by the assessee in connection with its new divisions is deductible as business expenditure. The Tribunal, relying on the principle of unity of management, finances, administration, and production, affirmed the decision of the Appellate Assistant Commissioner. Citing precedent, the court ruled in favor of the assessee, directing the Revenue to bear their own costs in the matter. Case-Laws Income Tax Tue, 07 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24633