https://www.taxtmi.com/caselaws?id=218037 The Income Tax Appellate Tribunal (ITAT), Bangalore, upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], determining that the expenditure incurred by the assessee for constructing structures on railway property for smooth handling of containers was revenue in nature and not capital expenditure. Additionally, the ITAT ruled that Section 35D of the Income-tax Act, 1961, was not applicable to the expenditure as it was incurred for the regular course of business and did not result in the acquisition of any new asset. The department's appeal was dismissed. en-us Thu, 24 May 2012 00:00:00 +0530 Fri, 02 Nov 2012 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218037 The Income Tax Appellate Tribunal (ITAT), Bangalore, upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], determining that the expenditure incurred by the assessee for constructing structures on railway property for smooth handling of containers was revenue in nature and not capital expenditure. Additionally, the ITAT ruled that Section 35D of the Income-tax Act, 1961, was not applicable to the expenditure as it was incurred for the regular course of business and did not result in the acquisition of any new asset. The department's appeal was dismissed. Case-Laws Income Tax Thu, 24 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218037