Held that since it has nowhere been defined that mobile phone is machinery in absence of any specific entry in Appendix-1 of Act, the expenditure on purchase of mobile phone is allowable as revenue expenditure. (AY. 2010-11)
DCIT v. Edelweiss Financial Advisors Ltd. (2021) 188 ITD 834 (Ahd.)(Trib.)
S. 37(1) : Business expenditure-Purchase of mobile phone-Allowable as revenue expenditure. [S. 32]