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Section 37(1) of the Income-tax Act, 1961 - Business expenditure - Allowability of - Assessment years 1995-96 to 1997-98 - Whether expenditure incurred by assessee on computer software packages, on replacement of UPS system and printer, and on construction of new compound wall in place of existing barbed wire fencing were revenue expenditure - Held, yes CASE REVIEW Empire Jute Co. Ltd. v. CIT [1980] 124 ITR 1 /3 Taxman 69 (SC) [Para 13]; CIT v. B.V. Ramachandrappa & Sons [1991] 191 ITR 34 / 59 Taxman 329 (Kar.) [Para 20]; CIT v. Southern Roadways Ltd. [2006]282 ITR 379 / 155 Taxman 493 (Mad.) [Para 22] followed. CASES REFERRED TO Atherton (H.M. Inspector of Taxes) v. British Insulated & Helsby Cables Ltd. [1925] 10 TC 155 (HL) [Para 3], Commissioner of Taxes v. Nchanga Consolidated Copper Mines Ltd. [1965] 58 ITR 241 (PC) [Para 4],Empire Jute Co. Ltd. v. CIT [1980] 124 ITR 1/3 Taxman 69 (SC) [Para 5], CIT v. Associated Cement Companies Ltd. [1988] 172 ITR 257/38 Taxman 110A (SC) [Para 7], Alembic Chemical Works Co. Ltd.v. CIT [1989] 177 ITR 377/ 43 Taxman 312 (SC) [Para 8], B.P. Australia Ltd. v. Commissioner of Taxation of the Commonwealth of Australia [1966] AC 224 (PC) [Para 8], CIT v. Mysore Cements Ltd.[1990] 183 ITR 367 / 51 Taxman 219 (Kar.) [Para 9], CIT v. T.V. Sundaram Iyengar & Sons (P.) Ltd.[1974] 95 ITR 428 (Mad.) [Para 10], CIT v. T.V. Sundaram Iyengar & Sons (P.) Ltd. [1990] 186 ITR 276 (SC) [Para 10], Zenith Steel Pipes Ltd. (No. 1) v. CIT [1990] 185 ITR 126 (Bom.) [Para 11], CIT v.Loyal Super Fabrics [2008] 304 ITR 78 /[2007] 163 Taxman 136 (Mad.) [Para 12], CIT v. B.V. Ramachandrappa & Sons [1991] 191 ITR 34 / 59 Taxman 329 (Kar.) [Para 18], Senapathy Synams Insulations (P.) Ltd. v. CIT [2001] 248 ITR 656 / 117 Taxman 216 (Kar.) [Para 19], CIT v. Southern Roadways Ltd. [2006] 282 ITR 379 / 155 Taxman 493 (Mad.) [Para 22] and CIT v. Southern Roadways Ltd. [2007] 288 ITR 15 / 158 Taxman 1 (Mad.) [Para 22]. J. Narayanasamy for the Appellant. JUDGMENT P.D. Dinakaran J. - The above tax case appeals are directed against the common order of the Income-tax Appellate Tribunal dated 30-8-2005 made in Income-tax Appeal Nos. 793 to 795…

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