https://www.taxtmi.com/caselaws?id=187359 A recurring payment made annually for the business use of a motor road was held to be revenue expenditure because it was incurred out of current income, formed part of the running expenses of the business, and did not secure an asset or enduring advantage. The expenditure was attributable to carrying on the business and earning income during the year, rather than to the acquisition of capital or permanent goodwill. It was therefore admissible as a deduction under the relevant provision. en-us Wed, 26 Oct 1949 00:00:00 +0530 Wed, 19 Oct 2016 15:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187359 A recurring payment made annually for the business use of a motor road was held to be revenue expenditure because it was incurred out of current income, formed part of the running expenses of the business, and did not secure an asset or enduring advantage. The expenditure was attributable to carrying on the business and earning income during the year, rather than to the acquisition of capital or permanent goodwill. It was therefore admissible as a deduction under the relevant provision. Case-Laws Income Tax Wed, 26 Oct 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187359