Bench: Shri A.T. Varkey & Shri Manish Borad
capital expenditure or personal 17 Assessment Year: 2014-2015 & Assessment Year: 2014-2015 Greenply Industries Limited, Tinsukia expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head “profits and gains of business or profession”. 28. What needs to be examined