https://www.taxtmi.com/caselaws?id=751939 The Supreme Court declined to interfere with the view that expenses cannot be recharacterised as capital expenditure merely because the assessee had no income chargeable under the income head relied on by the AO. Once business had commenced, the proposition that no expenses could be claimed under the deduction provisions was held unsustainable, and the challenge was dismissed. en-us Mon, 22 Apr 2024 00:00:00 +0530 Fri, 08 May 2026 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751939 The Supreme Court declined to interfere with the view that expenses cannot be recharacterised as capital expenditure merely because the assessee had no income chargeable under the income head relied on by the AO. Once business had commenced, the proposition that no expenses could be claimed under the deduction provisions was held unsustainable, and the challenge was dismissed. Case-Laws Income Tax Mon, 22 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751939