https://www.taxtmi.com/caselaws?id=330818 The High Court allowed the appeal in favor of the assessee, holding that the trial run expenditure incurred during the expansion of manufacturing facilities should be treated as revenue expenditure, not capital expenditure. The Court agreed with the appellant's argument that the expenses were related to the existing line of business and did not result in an enduring capital asset. Therefore, the Court concluded that the Tribunal had erred in categorizing the expenditure as capital, ruling in favor of the appellant. en-us Wed, 13 Jul 2016 00:00:00 +0530 Sat, 06 Aug 2016 12:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330818 The High Court allowed the appeal in favor of the assessee, holding that the trial run expenditure incurred during the expansion of manufacturing facilities should be treated as revenue expenditure, not capital expenditure. The Court agreed with the appellant's argument that the expenses were related to the existing line of business and did not result in an enduring capital asset. Therefore, the Court concluded that the Tribunal had erred in categorizing the expenditure as capital, ruling in favor of the appellant. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330818