https://www.taxtmi.com/caselaws?id=179981 Expenditure incurred for stowing operations required by mining authorities as a condition for working a colliery was held to be revenue expenditure, because stowing was found as a fact to be an integral part of the coal extraction process and extraction was not possible without it. Applying the settled test that spending incurred for the conduct of business and the profit-earning process, rather than for acquisition of a permanent asset or enduring advantage, is revenue in nature, the Court treated the stowing expenses as directly connected with business operations and allowable as a deduction. en-us Thu, 23 Apr 1970 00:00:00 +0530 Mon, 14 Mar 2016 15:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179981 Expenditure incurred for stowing operations required by mining authorities as a condition for working a colliery was held to be revenue expenditure, because stowing was found as a fact to be an integral part of the coal extraction process and extraction was not possible without it. Applying the settled test that spending incurred for the conduct of business and the profit-earning process, rather than for acquisition of a permanent asset or enduring advantage, is revenue in nature, the Court treated the stowing expenses as directly connected with business operations and allowable as a deduction. Case-Laws Income Tax Thu, 23 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179981