Tribunal held that, expenditure on setting up of new outlets an expansion of existing business. Accordingly the expenditure on salary and conveyance allowable as revenue in nature. ( AY.2013-14, 2014-15)
Dy. CIT v. Coffee Day Global Ltd. (2020) 79 ITR 322 (Bang) (Trib)
S.37(1): Business expenditure -Capital or revenue – Expenditure on setting up of new outlets an expansion of existing business — Expenditure on salary and conveyance allowable as revenue in nature.