https://www.taxtmi.com/caselaws?id=4034 The High Court dismissed the appeal regarding the nature of expenditure for laying service lines for electricity supply, affirming it as revenue expenditure. The court emphasized that the expenditure aimed to enhance business efficiency without acquiring a capital asset. The establishment of the fourth unit was considered an extension of the existing business. The court directed the filing of paper books for the interpretation of the Income-tax Act, 1961, focusing on the deletion of interest under section 234B, the only substantial question of law in the case. en-us Tue, 16 Jan 2007 00:00:00 +0530 Wed, 08 Jun 2016 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4034 The High Court dismissed the appeal regarding the nature of expenditure for laying service lines for electricity supply, affirming it as revenue expenditure. The court emphasized that the expenditure aimed to enhance business efficiency without acquiring a capital asset. The establishment of the fourth unit was considered an extension of the existing business. The court directed the filing of paper books for the interpretation of the Income-tax Act, 1961, focusing on the deletion of interest under section 234B, the only substantial question of law in the case. Case-Laws Income Tax Tue, 16 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4034