https://www.taxtmi.com/caselaws?id=237974 The High Court held that the expenditure of Rs. 1,50,000 for a feasibility report was revenue in nature as it aimed to enhance existing business efficiency, not create new assets. The enduring benefit test supported this view, emphasizing the expenditure was for ongoing operations, not expansion. Relying on a Delhi High Court precedent, the Court ruled in favor of the assessee, concluding the expense was not capital. The Tribunal's decision was upheld, and the appeal was dismissed without costs. en-us Thu, 12 Sep 2013 00:00:00 +0530 Sat, 12 Oct 2013 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237974 The High Court held that the expenditure of Rs. 1,50,000 for a feasibility report was revenue in nature as it aimed to enhance existing business efficiency, not create new assets. The enduring benefit test supported this view, emphasizing the expenditure was for ongoing operations, not expansion. Relying on a Delhi High Court precedent, the Court ruled in favor of the assessee, concluding the expense was not capital. The Tribunal's decision was upheld, and the appeal was dismissed without costs. Case-Laws Income Tax Thu, 12 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237974