Held that expenditure incurred expansion of existing business of new project of starting a hotel chain is allowable as revenue expenditure. (AY. 2013-14)
ITO v. Blue Coast Infrastructure Development Ltd. (2021) 191 ITD 643 / 90 ITR 294 / 213 TTJ 28 (UO) (Chd.)(Trib.)
S. 37(1) : Business expenditure-Expansion of existing business-Capital or revenue-New project of starting a hotel chain-Allowable as revenue expenditure.