https://www.taxtmi.com/caselaws?id=34955 The High Court ruled in favor of the appellant, a civil contractor, determining that the expenditure incurred on constructing a hockey stadium was classified as business expenditure rather than capital expenditure. The construction was deemed to be in the regular course of business, aimed at generating goodwill and promoting business activities for the welfare of the public. The Tribunal found the expenditure allowable under the law, dismissing the appeal and confirming the legitimacy of the business expenditure for constructing the hockey stadium. en-us Tue, 23 Jun 2009 00:00:00 +0530 Sat, 14 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34955 The High Court ruled in favor of the appellant, a civil contractor, determining that the expenditure incurred on constructing a hockey stadium was classified as business expenditure rather than capital expenditure. The construction was deemed to be in the regular course of business, aimed at generating goodwill and promoting business activities for the welfare of the public. The Tribunal found the expenditure allowable under the law, dismissing the appeal and confirming the legitimacy of the business expenditure for constructing the hockey stadium. Case-Laws Income Tax Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34955