https://www.taxtmi.com/caselaws?id=243429 Construction expenditure on milk parlours erected on another party's land under a limited, revocable and time-bound arrangement was treated as revenue expenditure because the assessee acquired no ownership or proprietary interest and the works created only a business advantage, not a capital asset. The structures were to be used for a restricted purpose and period, and were later demolished when the permission was not renewed. Once the expenditure was held to be revenue in nature, separate scrutiny of whether the parlours qualified as temporary erections for 100% depreciation became unnecessary. The assessee's claim was sustained and the Revenue's challenge failed. en-us Thu, 23 Jan 2014 00:00:00 +0530 Sat, 01 Feb 2014 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243429 Construction expenditure on milk parlours erected on another party's land under a limited, revocable and time-bound arrangement was treated as revenue expenditure because the assessee acquired no ownership or proprietary interest and the works created only a business advantage, not a capital asset. The structures were to be used for a restricted purpose and period, and were later demolished when the permission was not renewed. Once the expenditure was held to be revenue in nature, separate scrutiny of whether the parlours qualified as temporary erections for 100% depreciation became unnecessary. The assessee's claim was sustained and the Revenue's challenge failed. Case-Laws Income Tax Thu, 23 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243429