https://www.taxtmi.com/caselaws?id=55481 The High Court upheld the allowance of royalty payments, interest payments, foreign tour expenses, investment allowance, and additional depreciation on a computer as revenue expenditures for various assessment years. Disallowance under Section 43B for certain payments made after the accounting period was partially allowed. Legal and professional charges for revaluation of assets were allowed as revenue expenditure. The department's appeals were dismissed, and the assessee's cross-objection was partly allowed. en-us Fri, 30 Aug 1991 00:00:00 +0530 Sat, 27 Nov 2010 12:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55481 The High Court upheld the allowance of royalty payments, interest payments, foreign tour expenses, investment allowance, and additional depreciation on a computer as revenue expenditures for various assessment years. Disallowance under Section 43B for certain payments made after the accounting period was partially allowed. Legal and professional charges for revaluation of assets were allowed as revenue expenditure. The department's appeals were dismissed, and the assessee's cross-objection was partly allowed. Case-Laws Income Tax Fri, 30 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55481