https://www.taxtmi.com/caselaws?id=28140 The court ruled in favor of the printing press, allowing the deduction of the payment made to its workers as a business expenditure. Emphasizing the principle of commercial expediency, the court upheld the Tribunal's decision, rejecting the Income-tax Department's argument on capital expenditure due to procedural reasons. The judgment highlighted that as long as an expenditure is incurred for the business's purpose and dictated by commercial expediency, it should be considered a valid deduction, regardless of the unique nature of the transaction. en-us Wed, 18 Nov 1981 00:00:00 +0530 Fri, 19 Feb 2010 12:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28140 The court ruled in favor of the printing press, allowing the deduction of the payment made to its workers as a business expenditure. Emphasizing the principle of commercial expediency, the court upheld the Tribunal's decision, rejecting the Income-tax Department's argument on capital expenditure due to procedural reasons. The judgment highlighted that as long as an expenditure is incurred for the business's purpose and dictated by commercial expediency, it should be considered a valid deduction, regardless of the unique nature of the transaction. Case-Laws Income Tax Wed, 18 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28140