https://www.taxtmi.com/caselaws?id=26541 The court held that interest paid on withdrawals for dividend payment is a revenue expenditure. Regarding expenses for the purchase of a capital asset and diffuser study, the court upheld the capitalization of the expenditure for depreciation and development rebate. The court emphasized that the foreign tours were directly related to the purchase of a capital asset, specifically a diffuser, and thus supported the capitalization of the entire expenditure. The judgment favored the assessee, and the Revenue was ordered to pay the costs of the reference to the assessee. en-us Thu, 12 Sep 1985 00:00:00 +0530 Fri, 05 Feb 2010 16:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26541 The court held that interest paid on withdrawals for dividend payment is a revenue expenditure. Regarding expenses for the purchase of a capital asset and diffuser study, the court upheld the capitalization of the expenditure for depreciation and development rebate. The court emphasized that the foreign tours were directly related to the purchase of a capital asset, specifically a diffuser, and thus supported the capitalization of the entire expenditure. The judgment favored the assessee, and the Revenue was ordered to pay the costs of the reference to the assessee. Case-Laws Income Tax Thu, 12 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26541