https://www.taxtmi.com/caselaws?id=152195 Expenditure incurred in dismantling, shifting and refitting plant to a better site constitutes capital expenditure where it is made once and for all to secure an enduring advantage for the trade; such costs are attributable to capital and not to revenue. As a corollary, depreciation is allowable only when a tangible capital asset has been acquired or materially improved so that it can be said to have depreciated; relocation and refitting costs that create an enduring advantage without producing a depreciable tangible asset do not attract depreciation under the facts considered. en-us Wed, 10 Apr 1963 00:00:00 +0530 Tue, 06 Aug 2013 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152195 Expenditure incurred in dismantling, shifting and refitting plant to a better site constitutes capital expenditure where it is made once and for all to secure an enduring advantage for the trade; such costs are attributable to capital and not to revenue. As a corollary, depreciation is allowable only when a tangible capital asset has been acquired or materially improved so that it can be said to have depreciated; relocation and refitting costs that create an enduring advantage without producing a depreciable tangible asset do not attract depreciation under the facts considered. Case-Laws Income Tax Wed, 10 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152195