https://www.taxtmi.com/caselaws?id=4557 The High Court of Punjab and Haryana dismissed the Revenue's appeal regarding the treatment of expenditure on Glow Sign Boards as capital nature for the assessment year 2002-03. The Court ruled in favor of the assessee, a limited company engaged in manufacturing shoes, holding that the expenses on glow signs were of revenue nature based on previous decisions and precedents. The appeal was dismissed, affirming that such expenses were not to be considered as capital expenditure. en-us Thu, 10 Jul 2008 00:00:00 +0530 Sat, 26 Jul 2008 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4557 The High Court of Punjab and Haryana dismissed the Revenue's appeal regarding the treatment of expenditure on Glow Sign Boards as capital nature for the assessment year 2002-03. The Court ruled in favor of the assessee, a limited company engaged in manufacturing shoes, holding that the expenses on glow signs were of revenue nature based on previous decisions and precedents. The appeal was dismissed, affirming that such expenses were not to be considered as capital expenditure. Case-Laws Income Tax Thu, 10 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4557