https://www.taxtmi.com/caselaws?id=63917 Expenditure on an approved rural development programme for renovation and construction of a Government school was held deductible under section 35CC(1), because it was incurred for public use and not for the assessee's own asset; section 35CC(2) did not apply where ownership never vested in the assessee. Payment for constructing a railway siding platform and allied facilities was treated as revenue expenditure, as it secured business without creating an enduring capital asset owned by the assessee. Outstanding trade liabilities were not treated as ceased liabilities merely because three years had passed, since limitation only bars the remedy and there was no evidence of remission or abandonment. en-us Tue, 15 Mar 1988 00:00:00 +0530 Wed, 02 Feb 2011 16:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63917 Expenditure on an approved rural development programme for renovation and construction of a Government school was held deductible under section 35CC(1), because it was incurred for public use and not for the assessee's own asset; section 35CC(2) did not apply where ownership never vested in the assessee. Payment for constructing a railway siding platform and allied facilities was treated as revenue expenditure, as it secured business without creating an enduring capital asset owned by the assessee. Outstanding trade liabilities were not treated as ceased liabilities merely because three years had passed, since limitation only bars the remedy and there was no evidence of remission or abandonment. Case-Laws Income Tax Tue, 15 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63917