https://www.taxtmi.com/caselaws?id=33702 The court classified the preoperative expenditure of Rs. 20,41,158 for a fuel injection equipment project as revenue expenditure, considering the unity of control and interdependence with the existing business. The court distinguished the case from one involving setting up a new business. Additionally, an addition of Rs. 41,666 under section 37(3) was deemed inconsequential in tax impact and left unanswered. Ultimately, the court ruled in favor of the assessee regarding the classification of expenditure, disposing of the reference accordingly. en-us Fri, 05 Oct 2007 00:00:00 +0530 Tue, 21 Jun 2016 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33702 The court classified the preoperative expenditure of Rs. 20,41,158 for a fuel injection equipment project as revenue expenditure, considering the unity of control and interdependence with the existing business. The court distinguished the case from one involving setting up a new business. Additionally, an addition of Rs. 41,666 under section 37(3) was deemed inconsequential in tax impact and left unanswered. Ultimately, the court ruled in favor of the assessee regarding the classification of expenditure, disposing of the reference accordingly. Case-Laws Income Tax Fri, 05 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33702