https://www.taxtmi.com/caselaws?id=24635 The court allowed the deduction of revenue expenditure for new divisions and technical assistance fees as business expenditure for the assessee. It emphasized that the new divisions were a continuation of the existing business, making the expenses deductible. The court disregarded the commencement of production in the previous year as a decisive factor for the deductions, focusing instead on the business activities' continuity. The Appellate Assistant Commissioner and the Income-tax Appellate Tribunal's decisions were upheld, affirming the deductibility of both types of expenses. en-us Wed, 02 Dec 1987 00:00:00 +0530 Thu, 21 Jan 2010 13:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24635 The court allowed the deduction of revenue expenditure for new divisions and technical assistance fees as business expenditure for the assessee. It emphasized that the new divisions were a continuation of the existing business, making the expenses deductible. The court disregarded the commencement of production in the previous year as a decisive factor for the deductions, focusing instead on the business activities' continuity. The Appellate Assistant Commissioner and the Income-tax Appellate Tribunal's decisions were upheld, affirming the deductibility of both types of expenses. Case-Laws Income Tax Wed, 02 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24635