https://www.taxtmi.com/caselaws?id=38344 The High Court of Bombay ruled in favor of the assessee, allowing payments of brokerage and stamp duty as deductions for income tax purposes in connection with acquiring office premises. The court held that these expenses were necessary for conducting business activities and did not result in the acquisition of an enduring asset, thus qualifying as allowable revenue expenditure. The decision was based on the principle that expenses facilitating profit-making activities are deductible, directing the revenue to pay the costs. en-us Mon, 21 Nov 1977 00:00:00 +0530 Mon, 05 Apr 2010 16:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38344 The High Court of Bombay ruled in favor of the assessee, allowing payments of brokerage and stamp duty as deductions for income tax purposes in connection with acquiring office premises. The court held that these expenses were necessary for conducting business activities and did not result in the acquisition of an enduring asset, thus qualifying as allowable revenue expenditure. The decision was based on the principle that expenses facilitating profit-making activities are deductible, directing the revenue to pay the costs. Case-Laws Income Tax Mon, 21 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38344