https://www.taxtmi.com/caselaws?id=36111 The High Court ruled in favor of the assessee on the deductibility of expenses on rented buildings and fees paid to the Registrar of Companies, allowing them as revenue expenditure under sections 37(1) and as necessary for business operations. However, the issue regarding the allowance of depreciation on flat, furniture, and air-conditioning machinery was returned to the Tribunal for further examination due to insufficient findings on the reasonableness of the claim. No costs were awarded in this decision. en-us Tue, 16 Oct 1979 00:00:00 +0530 Fri, 19 Mar 2010 13:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36111 The High Court ruled in favor of the assessee on the deductibility of expenses on rented buildings and fees paid to the Registrar of Companies, allowing them as revenue expenditure under sections 37(1) and as necessary for business operations. However, the issue regarding the allowance of depreciation on flat, furniture, and air-conditioning machinery was returned to the Tribunal for further examination due to insufficient findings on the reasonableness of the claim. No costs were awarded in this decision. Case-Laws Income Tax Tue, 16 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36111