https://www.taxtmi.com/caselaws?id=69317 Expenditure incurred by a tenant for constructing a bedding for an oil engine and a room for storing cloth in rented business premises was treated as revenue expenditure because the tenant did not acquire any capital asset and the structures became part of the landlord's premises. The outlay was incurred wholly for the purposes of carrying on the business and did not give the assessee an enduring benefit of a capital nature. It was therefore allowable as business expenditure in favour of the assessee. en-us Fri, 31 Aug 1979 00:00:00 +0530 Wed, 06 Apr 2011 11:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69317 Expenditure incurred by a tenant for constructing a bedding for an oil engine and a room for storing cloth in rented business premises was treated as revenue expenditure because the tenant did not acquire any capital asset and the structures became part of the landlord's premises. The outlay was incurred wholly for the purposes of carrying on the business and did not give the assessee an enduring benefit of a capital nature. It was therefore allowable as business expenditure in favour of the assessee. Case-Laws Income Tax Fri, 31 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69317