Expenditure incurred for ensuring uninterrupted power supply is an allowable business expense

INCOME-TAX : Where assessee-company entered into an agreement with a company named Ford, who agreed to establish additional infrastructure facility at their end to ensure uninterrupted power supply to assessee and assessee paid a certain sum to Ford, though assessee had parted with substantial funds to Ford, capital asset continued to remain property of Ford, and said expenditure was a business expenditure

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