https://www.taxtmi.com/caselaws?id=28514 The High Court determined that the expenditure incurred for shifting the laboratory to new premises was of a revenue nature and allowable under section 37(1) of the Income-tax Act, 1961. The Court found that the primary purpose of the expenditure was for the efficient running of the business and not for acquiring an enduring benefit, thus ruling in favor of the assessee. The decision was made in accordance with established precedents and common sense judicial analysis. en-us Sat, 19 Jun 1982 00:00:00 +0530 Tue, 23 Feb 2010 12:27:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28514 The High Court determined that the expenditure incurred for shifting the laboratory to new premises was of a revenue nature and allowable under section 37(1) of the Income-tax Act, 1961. The Court found that the primary purpose of the expenditure was for the efficient running of the business and not for acquiring an enduring benefit, thus ruling in favor of the assessee. The decision was made in accordance with established precedents and common sense judicial analysis. Case-Laws Income Tax Sat, 19 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28514