https://www.taxtmi.com/caselaws?id=201763 HC held that customs duty paid after initial exemption can be capitalized once paid by the assessee. Expenditure on glow sign boards was treated as revenue in nature since incurred to facilitate business operations, and the Tribunal's classification was upheld. Depreciation at 60% on the UPS was allowed. en-us Thu, 20 Jan 2011 00:00:00 +0530 Mon, 25 Aug 2025 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201763 HC held that customs duty paid after initial exemption can be capitalized once paid by the assessee. Expenditure on glow sign boards was treated as revenue in nature since incurred to facilitate business operations, and the Tribunal's classification was upheld. Depreciation at 60% on the UPS was allowed. Case-Laws Income Tax Thu, 20 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201763