Sec. 37(1) of the Income-tax Act, 1961 – Business expenditure – Revenue challenged the order of Tribunal in deleting the payment made by the assessee to M/s. GESCO amounting to Rs. 20.00 crore towards vacating the premises treating it as revenue expenditure. High Court dismissed the appeal of the revenue on account that similar issue had already been decided in the favour of assessee. SLP of revenue dismissed – CIT Vs. HONGKONG & SHANGHAI BANKING CORPORATION LTD. [2020] 270 TAXMAN 099 (SC)