https://www.taxtmi.com/caselaws?id=28199 The High Court held that the expenditure of Rs. 6,26,016 and Rs. 1,50,640 incurred by the assessee on installation charges was revenue expenditure, necessary for the efficient earning of profits and incidental to the business. The court ruled in favor of the assessee, directing the income-tax authorities to accept the claim as allowable deduction in computing the profits and gains of the assessee's business. The court emphasized the distinction between capital and revenue expenditure based on commercial trading principles and business necessity. en-us Tue, 14 Dec 1982 00:00:00 +0530 Fri, 19 Feb 2010 16:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28199 The High Court held that the expenditure of Rs. 6,26,016 and Rs. 1,50,640 incurred by the assessee on installation charges was revenue expenditure, necessary for the efficient earning of profits and incidental to the business. The court ruled in favor of the assessee, directing the income-tax authorities to accept the claim as allowable deduction in computing the profits and gains of the assessee's business. The court emphasized the distinction between capital and revenue expenditure based on commercial trading principles and business necessity. Case-Laws Income Tax Tue, 14 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28199