https://www.taxtmi.com/caselaws?id=29419 The High Court ruled in favor of the assessee, allowing the deduction of Rs. 52,17,340 and Rs. 40,60,560 as revenue expenditures. The court also upheld the relief granted under section 80E. Additionally, the High Court affirmed the Tribunal's decision to tax devaluation gains, ensuring consistency in treating business gains and losses. Each party was directed to bear its own costs. en-us Thu, 18 Dec 1980 00:00:00 +0530 Fri, 12 Mar 2010 16:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29419 The High Court ruled in favor of the assessee, allowing the deduction of Rs. 52,17,340 and Rs. 40,60,560 as revenue expenditures. The court also upheld the relief granted under section 80E. Additionally, the High Court affirmed the Tribunal's decision to tax devaluation gains, ensuring consistency in treating business gains and losses. Each party was directed to bear its own costs. Case-Laws Income Tax Thu, 18 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29419