https://www.taxtmi.com/caselaws?id=33612 The court ruled that the expenditure on debentures and fixed deposits is a revenue expenditure as it is closely linked to business requirements. Additionally, the court held that stand-by assets not used during the relevant year are entitled to depreciation based on previous judgments. The court dismissed the tax case appeals and connected miscellaneous petitions, finding no error in the Tribunal's order. en-us Fri, 13 Jul 2007 00:00:00 +0530 Sat, 30 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33612 The court ruled that the expenditure on debentures and fixed deposits is a revenue expenditure as it is closely linked to business requirements. Additionally, the court held that stand-by assets not used during the relevant year are entitled to depreciation based on previous judgments. The court dismissed the tax case appeals and connected miscellaneous petitions, finding no error in the Tribunal's order. Case-Laws Income Tax Fri, 13 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33612