https://www.taxtmi.com/highlights?id=20217 Drilling operations being the very business of the assessee, expenditure incurred to make the rig operational would be covered and should be treated as “revenue expenditure”, whereas the cost of the rig would fall and should be treated as a “capital expenditure” - HC en-us Fri, 03 Oct 2014 21:37:02 +0530 Fri, 03 Oct 2014 21:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=20217 Drilling operations being the very business of the assessee, expenditure incurred to make the rig operational would be covered and should be treated as “revenue expenditure”, whereas the cost of the rig would fall and should be treated as a “capital expenditure” - HC Highlights Income Tax Fri, 03 Oct 2014 21:37:02 +0530 https://www.taxtmi.com/highlights?id=20217