https://www.taxtmi.com/caselaws?id=186658 Maintenance expenditure on an immature rubber plantation, incurred after planting but before first yield, was held to be revenue in nature because it related to cultivation, upkeep and recurring plantation operations rather than acquisition or preparation of the capital asset. The court distinguished initial land acquisition and preparatory costs, which are capital, from post-planting maintenance such as superintendence and weeding, which remain deductible revenue expenditure. The absence of current profits did not change the character of the outlay. The expenditure was therefore allowable as a deduction under the Income-tax Act. en-us Tue, 28 Mar 1961 00:00:00 +0530 Mon, 26 Sep 2016 17:32:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186658 Maintenance expenditure on an immature rubber plantation, incurred after planting but before first yield, was held to be revenue in nature because it related to cultivation, upkeep and recurring plantation operations rather than acquisition or preparation of the capital asset. The court distinguished initial land acquisition and preparatory costs, which are capital, from post-planting maintenance such as superintendence and weeding, which remain deductible revenue expenditure. The absence of current profits did not change the character of the outlay. The expenditure was therefore allowable as a deduction under the Income-tax Act. Case-Laws Income Tax Tue, 28 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186658