https://www.taxtmi.com/caselaws?id=39418 The court allowed the deduction of Rs. 47,602 as revenue expenditure for technical know-how. However, it disallowed the deduction of Rs. 36,446 spent on lodging and catering, considering it as entertainment expenditure exceeding the allowable limit. The court also confirmed that the interest paid on borrowed money could be treated as part of the actual cost for depreciation and development rebate. en-us Thu, 03 Jul 1975 00:00:00 +0530 Fri, 16 Apr 2010 13:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39418 The court allowed the deduction of Rs. 47,602 as revenue expenditure for technical know-how. However, it disallowed the deduction of Rs. 36,446 spent on lodging and catering, considering it as entertainment expenditure exceeding the allowable limit. The court also confirmed that the interest paid on borrowed money could be treated as part of the actual cost for depreciation and development rebate. Case-Laws Income Tax Thu, 03 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39418