https://www.taxtmi.com/caselaws?id=237305 Administrative expenses incurred on projects under construction and shown as work-in-progress were treated as capital in nature where the assessee could not produce a reliable basis to separate project from ordinary administration. Because the expenditure formed part of the cost of creating the under-construction assets and conferred an enduring advantage, it was not allowable as revenue expenditure. The principle applied was that expenses inseparably linked to the creation of an enduring asset are capital expenditure and are therefore not deductible as revenue outgo. en-us Mon, 09 Sep 2013 00:00:00 +0530 Tue, 24 Sep 2013 21:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237305 Administrative expenses incurred on projects under construction and shown as work-in-progress were treated as capital in nature where the assessee could not produce a reliable basis to separate project from ordinary administration. Because the expenditure formed part of the cost of creating the under-construction assets and conferred an enduring advantage, it was not allowable as revenue expenditure. The principle applied was that expenses inseparably linked to the creation of an enduring asset are capital expenditure and are therefore not deductible as revenue outgo. Case-Laws Income Tax Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237305