https://www.taxtmi.com/caselaws?id=37907 The High Court allowed the deduction of Rs. 1,04,290 claimed as business expenditure by the assessee. The court emphasized the interconnection between the import and export businesses, ruling that the expenditure was necessary for running the manganese ore export business. It rejected the department's argument that the expenditure was not obligatory under the agreement. The court held that the expenditure was admissible as a business expense, finding in favor of the assessee. en-us Wed, 08 Nov 1978 00:00:00 +0530 Thu, 01 Apr 2010 16:50:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37907 The High Court allowed the deduction of Rs. 1,04,290 claimed as business expenditure by the assessee. The court emphasized the interconnection between the import and export businesses, ruling that the expenditure was necessary for running the manganese ore export business. It rejected the department's argument that the expenditure was not obligatory under the agreement. The court held that the expenditure was admissible as a business expense, finding in favor of the assessee. Case-Laws Income Tax Wed, 08 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37907