https://www.taxtmi.com/caselaws?id=66754 The Tribunal affirmed the AAC's decision to treat the expenditure on wire mesh for preparing cages as revenue expenditure, considering the asset's non-enduring nature due to rapid deterioration in the coastal location of Visakhapatnam. The judgment emphasized the importance of asset durability in distinguishing between revenue and capital expenditure, leading to the dismissal of the revenue's appeal. en-us Thu, 19 Jan 1984 00:00:00 +0530 Mon, 07 Mar 2011 10:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66754 The Tribunal affirmed the AAC's decision to treat the expenditure on wire mesh for preparing cages as revenue expenditure, considering the asset's non-enduring nature due to rapid deterioration in the coastal location of Visakhapatnam. The judgment emphasized the importance of asset durability in distinguishing between revenue and capital expenditure, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 19 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66754