https://www.taxtmi.com/caselaws?id=33027 Expenditure incurred for setting up a new unit was treated as allowable revenue expenditure because the issue had already been covered by earlier decisions between the same parties for prior assessment years. Those binding decisions meant the controversy did not survive for reconsideration in the reference, and the referred question was answered in favour of the assessee. The operative result was that the expenditure was allowed as revenue in nature. en-us Mon, 02 Feb 2009 00:00:00 +0530 Mon, 12 Sep 2011 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33027 Expenditure incurred for setting up a new unit was treated as allowable revenue expenditure because the issue had already been covered by earlier decisions between the same parties for prior assessment years. Those binding decisions meant the controversy did not survive for reconsideration in the reference, and the referred question was answered in favour of the assessee. The operative result was that the expenditure was allowed as revenue in nature. Case-Laws Income Tax Mon, 02 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33027