https://www.taxtmi.com/caselaws?id=241755 Expenditure incurred to excavate a drain through forest land for discharge of effluents was held capital in nature because it created a facility used year after year, secured only limited user rights, and conferred an enduring business advantage while meeting statutory pollution-control conditions. By contrast, the loss arising from denial of TDS credit for want of certificates was treated as incidental to the business and allowable as a revenue loss, since the amount had been offered to tax and efforts to obtain the certificates had failed. The discussion therefore records a mixed result: capital treatment for the drain expenditure and allowance of the TDS-related loss. en-us Fri, 15 Nov 2013 00:00:00 +0530 Tue, 31 Dec 2013 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241755 Expenditure incurred to excavate a drain through forest land for discharge of effluents was held capital in nature because it created a facility used year after year, secured only limited user rights, and conferred an enduring business advantage while meeting statutory pollution-control conditions. By contrast, the loss arising from denial of TDS credit for want of certificates was treated as incidental to the business and allowable as a revenue loss, since the amount had been offered to tax and efforts to obtain the certificates had failed. The discussion therefore records a mixed result: capital treatment for the drain expenditure and allowance of the TDS-related loss. Case-Laws Income Tax Fri, 15 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241755