https://www.taxtmi.com/caselaws?id=253786 The Tribunal allowed all appeals filed by the Revenue, ruling that the expenditure on constructing superstructures on leasehold land should be treated as capital expenditure, not revenue expenditure. Additionally, the loss on discarded assets was deemed a capital loss, not a revenue loss. The decision highlighted the significance of following statutory provisions and judicial precedents in determining the nature of expenditures. en-us Fri, 25 Jul 2014 00:00:00 +0530 Thu, 04 Dec 2014 06:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253786 The Tribunal allowed all appeals filed by the Revenue, ruling that the expenditure on constructing superstructures on leasehold land should be treated as capital expenditure, not revenue expenditure. Additionally, the loss on discarded assets was deemed a capital loss, not a revenue loss. The decision highlighted the significance of following statutory provisions and judicial precedents in determining the nature of expenditures. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253786