https://www.taxtmi.com/caselaws?id=28484 Expenditure reasonably referable to the acquisition of machinery, plant and related assets was treated as part of their actual cost for depreciation and development rebate purposes, and the foreign tour expenses of company officers were included on that basis. Expenditure incurred in organising football tournaments was also treated as a revenue deduction and not as capital outlay. The reference was answered in favour of the assessee on both questions, with each claim accepted under the income-tax law. en-us Thu, 09 Aug 1979 00:00:00 +0530 Tue, 23 Feb 2010 10:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28484 Expenditure reasonably referable to the acquisition of machinery, plant and related assets was treated as part of their actual cost for depreciation and development rebate purposes, and the foreign tour expenses of company officers were included on that basis. Expenditure incurred in organising football tournaments was also treated as a revenue deduction and not as capital outlay. The reference was answered in favour of the assessee on both questions, with each claim accepted under the income-tax law. Case-Laws Income Tax Thu, 09 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28484