https://www.taxtmi.com/caselaws?id=175408 The case addressed whether expenditure on a factory building was capital or revenue in nature. The Tribunal found that as no new assets or enduring benefits were created, the expenditure was considered as revenue expenditure for current repairs. The Tribunal upheld the decision of the CIT (Appeals) in favor of the assessee, dismissing the Revenue's appeal. en-us Fri, 28 Oct 2011 00:00:00 +0530 Fri, 20 Nov 2015 11:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175408 The case addressed whether expenditure on a factory building was capital or revenue in nature. The Tribunal found that as no new assets or enduring benefits were created, the expenditure was considered as revenue expenditure for current repairs. The Tribunal upheld the decision of the CIT (Appeals) in favor of the assessee, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 28 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175408