https://www.taxtmi.com/caselaws?id=175527 The Tribunal held that the expenditure incurred by the assessee on current repairs of a leased power plant was revenue in nature and allowable. The Tribunal concluded that the expenditure did not provide any enduring benefit and should be treated as revenue expenditure, thus allowing the appeal filed by the assessee. en-us Fri, 17 Jun 2011 00:00:00 +0530 Wed, 25 Nov 2015 12:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175527 The Tribunal held that the expenditure incurred by the assessee on current repairs of a leased power plant was revenue in nature and allowable. The Tribunal concluded that the expenditure did not provide any enduring benefit and should be treated as revenue expenditure, thus allowing the appeal filed by the assessee. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175527