https://www.taxtmi.com/caselaws?id=55186 The Tribunal allowed the foreign tour expenses as revenue expenditure, emphasizing the business purpose and lack of direct relation to acquiring a capital asset. The R&D capital assets' book value was included in the capital employed for section 80J relief, as the assets were still used for scientific research and the incentive deduction did not reduce their actual cost. The Tribunal dismissed the appeal, ruling in favor of the assessee on both issues. en-us Wed, 04 Mar 1987 00:00:00 +0530 Wed, 24 Nov 2010 13:24:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55186 The Tribunal allowed the foreign tour expenses as revenue expenditure, emphasizing the business purpose and lack of direct relation to acquiring a capital asset. The R&D capital assets' book value was included in the capital employed for section 80J relief, as the assets were still used for scientific research and the incentive deduction did not reduce their actual cost. The Tribunal dismissed the appeal, ruling in favor of the assessee on both issues. Case-Laws Income Tax Wed, 04 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55186