https://www.taxtmi.com/caselaws?id=27936 The court ruled in favor of the assessee, allowing the deduction of Rs. 20,000 under section 37(1) of the Income Tax Act, 1961. The court determined that the expenditure was revenue in nature and incurred wholly and exclusively for business purposes, emphasizing that the assessee did not acquire a benefit of enduring nature. The decision was against the Department, and each party was directed to bear their own costs. en-us Thu, 15 Dec 1983 00:00:00 +0530 Wed, 17 Feb 2010 10:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27936 The court ruled in favor of the assessee, allowing the deduction of Rs. 20,000 under section 37(1) of the Income Tax Act, 1961. The court determined that the expenditure was revenue in nature and incurred wholly and exclusively for business purposes, emphasizing that the assessee did not acquire a benefit of enduring nature. The decision was against the Department, and each party was directed to bear their own costs. Case-Laws Income Tax Thu, 15 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27936