https://www.taxtmi.com/caselaws?id=57974 The Tribunal allowed the appeal, deleting the addition of Rs. 7,73,931. It concluded that the payment made by the assessee to the Official Liquidator was a revenue expenditure to protect the right to earn income, not to acquire a new right. The Tribunal considered the expenditure necessary to ensure the continued receipt of business income and referenced case law to support its decision. en-us Mon, 25 May 1987 00:00:00 +0530 Wed, 15 Dec 2010 16:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57974 The Tribunal allowed the appeal, deleting the addition of Rs. 7,73,931. It concluded that the payment made by the assessee to the Official Liquidator was a revenue expenditure to protect the right to earn income, not to acquire a new right. The Tribunal considered the expenditure necessary to ensure the continued receipt of business income and referenced case law to support its decision. Case-Laws Income Tax Mon, 25 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57974