https://www.taxtmi.com/caselaws?id=39104 Publicity expenditure on a golden jubilee brochure was treated as allowable business expenditure because it enhanced goodwill and operated as a form of advertisement. Legal expenses for alterations to the memorandum and articles of association were held to be revenue in nature, as the changes did not create a new asset or enduring advantage and were made to meet legislative requirements. The value of discarded plant found non-existent on verification was also deductible, since the assessee consistently followed a regular accounting method that was not shown to be unreasonable, and income had to be computed accordingly. en-us Mon, 02 Dec 1974 00:00:00 +0530 Mon, 12 Apr 2010 18:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39104 Publicity expenditure on a golden jubilee brochure was treated as allowable business expenditure because it enhanced goodwill and operated as a form of advertisement. Legal expenses for alterations to the memorandum and articles of association were held to be revenue in nature, as the changes did not create a new asset or enduring advantage and were made to meet legislative requirements. The value of discarded plant found non-existent on verification was also deductible, since the assessee consistently followed a regular accounting method that was not shown to be unreasonable, and income had to be computed accordingly. Case-Laws Income Tax Mon, 02 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39104