Section 37 ::


Last updated: 18 December 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, the new unit was a part of the existing business moreover unity of control and inter-lacing of the units is also there. Therefore expenses incurred regarding setting up of the new unit which was part of the existing business is allowed as revenue expenditure.

Citation :
C.I.T. Vs. Relaxo Footwears Ltd.

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