https://www.taxtmi.com/caselaws?id=55387 Cost of stabilisers used with old air-conditioning machines was held to be revenue expenditure because the stabiliser was only an adjunct for proper functioning and did not create a separate enduring asset, so the deduction was allowed. A customary employee loan advanced in the course of business and later lost when the employee absconded was treated as a bad debt, so the claim was allowed. Expenditure on tea and similar items was treated as entertainment expense on the facts, but was held allowable on the ratio of the Gujarat High Court decision relied on, so that claim was also allowed. en-us Fri, 10 Oct 1980 00:00:00 +0530 Fri, 26 Nov 2010 17:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55387 Cost of stabilisers used with old air-conditioning machines was held to be revenue expenditure because the stabiliser was only an adjunct for proper functioning and did not create a separate enduring asset, so the deduction was allowed. A customary employee loan advanced in the course of business and later lost when the employee absconded was treated as a bad debt, so the claim was allowed. Expenditure on tea and similar items was treated as entertainment expense on the facts, but was held allowable on the ratio of the Gujarat High Court decision relied on, so that claim was also allowed. Case-Laws Income Tax Fri, 10 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55387