Expenditure to set-up a new line of business is capital expenditure

IN THE ITAT AHMEDABAD BENCH ‘D’

Gujarat Mineral Dev. Corpn. Ltd.

Versus

Assistant Commissioner of Income-tax

IT Appeal Nos. 128, 186 & 402 (Ahd.) of 2005

1036 & 1114 (AHD.) OF 2006 and 1182, 1184, 1244, 1245 & 4483 (AHD.) OF 2007

[Assessment years 2000-01 to 2002-03]

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