Case Law Details
Case Name : CIT Vs Panacea Biotech Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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RELEVANT PARAGRAPH
3. So far as the contention with regard to the disallowing the claim on the expenditure incurred on the purchase of two machineries is concerned, the counsel for the Revenue has urged that though with respect to the first machinery an advance payment was made within the Assessment year, with respect to the second machinery no payment at all was made. It was, therefore, urged that since expenditure was not incurred within the meaning of the pro
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