1984 (11) TMI 136 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Jaipur allowed the appeal of the assessee for the assessment year 1979-80. The Tribunal held that the expenditure on replacement of old cable lines in the cinema house is business expenditure and not capital expenditure. The disallowance of expenses on complimentary passes was also deleted, as it was considered pure business expenditure.