https://www.taxtmi.com/caselaws?id=203613 The High Court upheld the Tribunal's decision that the payment made by the assessee company towards CNG connection charges should be treated as revenue expenditure. The court emphasized that the payment was integral to the profit-earning process and did not confer enduring benefits to the assessee, as it did not grant any right or control over the gas facility. The court dismissed the appeal, affirming that the expenditure was for facilitating the manufacturing activity and not for acquiring a permanent asset. en-us Wed, 08 Jun 2011 00:00:00 +0530 Mon, 05 Sep 2011 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203613 The High Court upheld the Tribunal's decision that the payment made by the assessee company towards CNG connection charges should be treated as revenue expenditure. The court emphasized that the payment was integral to the profit-earning process and did not confer enduring benefits to the assessee, as it did not grant any right or control over the gas facility. The court dismissed the appeal, affirming that the expenditure was for facilitating the manufacturing activity and not for acquiring a permanent asset. Case-Laws Income Tax Wed, 08 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203613