https://www.taxtmi.com/caselaws?id=29096 The court allowed the entire claim of Rs. 55,463 as a deductible business expenditure, including legal expenses. The expenditure of Rs. 24,022 for alterations and repairs was classified as revenue in nature and thus allowable. The gross total income for deductions under section 80-I(1) was determined to be Rs. 2,54,304. Borrowed funds were required to be included in the capital employed for relief under section 80J. The assessee was entitled to costs assessed at Rs. 250. en-us Mon, 26 Apr 1982 00:00:00 +0530 Wed, 10 Mar 2010 17:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29096 The court allowed the entire claim of Rs. 55,463 as a deductible business expenditure, including legal expenses. The expenditure of Rs. 24,022 for alterations and repairs was classified as revenue in nature and thus allowable. The gross total income for deductions under section 80-I(1) was determined to be Rs. 2,54,304. Borrowed funds were required to be included in the capital employed for relief under section 80J. The assessee was entitled to costs assessed at Rs. 250. Case-Laws Income Tax Mon, 26 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29096