https://www.taxtmi.com/caselaws?id=37340 The court held that the expenditure of Rs. 12,319 on road repairs was capital in nature, preliminary expenses and share capital issue expenses were not to be included in the capital computation, and the payment of advance tax was made on March 2, 1963. The court also ruled in favor of including the moiety of the profits in the capital employed. The assessee was directed to bear the costs of the reference to the revenue. en-us Tue, 02 Aug 1977 00:00:00 +0530 Mon, 29 Mar 2010 11:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37340 The court held that the expenditure of Rs. 12,319 on road repairs was capital in nature, preliminary expenses and share capital issue expenses were not to be included in the capital computation, and the payment of advance tax was made on March 2, 1963. The court also ruled in favor of including the moiety of the profits in the capital employed. The assessee was directed to bear the costs of the reference to the revenue. Case-Laws Income Tax Tue, 02 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37340