https://www.taxtmi.com/caselaws?id=35970 The court ruled in favor of the assessee on both issues. The foreign tour expenditure was allowed as a revenue deduction since it enhanced the utilization of existing resources without increasing fixed capital. Additionally, for determining relief under section 84, half of the profits were required to be added to the capital employed, following the precedent set in a prior case. The Commissioner was directed to bear the costs of the reference to the assessee. en-us Mon, 25 Aug 1980 00:00:00 +0530 Thu, 18 Mar 2010 12:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35970 The court ruled in favor of the assessee on both issues. The foreign tour expenditure was allowed as a revenue deduction since it enhanced the utilization of existing resources without increasing fixed capital. Additionally, for determining relief under section 84, half of the profits were required to be added to the capital employed, following the precedent set in a prior case. The Commissioner was directed to bear the costs of the reference to the assessee. Case-Laws Income Tax Mon, 25 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35970