https://www.taxtmi.com/caselaws?id=58528 Expenditure on consultation and feasibility studies for improving an existing business was held revenue in nature, because it related to management of the ongoing business rather than expansion into a new line. Bad-debt relief was allowed only to the extent of the smaller individual debts already recognised, while the balance was disallowed for want of recovery efforts. Extra shift allowance could not be computed by reducing the 240-day norm merely because the previous year was shorter. The discussion also clarified the computation of section 40A(5), the limited operation of section 43B and section 37(3A), and that customs penalty paid to redeem confiscated goods was not deductible as business expenditure. en-us Mon, 23 Aug 1993 00:00:00 +0530 Mon, 20 Dec 2010 14:39:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58528 Expenditure on consultation and feasibility studies for improving an existing business was held revenue in nature, because it related to management of the ongoing business rather than expansion into a new line. Bad-debt relief was allowed only to the extent of the smaller individual debts already recognised, while the balance was disallowed for want of recovery efforts. Extra shift allowance could not be computed by reducing the 240-day norm merely because the previous year was shorter. The discussion also clarified the computation of section 40A(5), the limited operation of section 43B and section 37(3A), and that customs penalty paid to redeem confiscated goods was not deductible as business expenditure. Case-Laws Income Tax Mon, 23 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58528