https://www.taxtmi.com/caselaws?id=188642 Expenditure on expansion of an export-oriented undertaking could not be conclusively classified as revenue or capital in the absence of a detailed breakup of the expenses, so the matter was restored for fresh adjudication on the applicable legal principles. The balance lease rent claim also required reconsideration because the lease agreement and supporting particulars were not produced; the correct tax treatment depended on whether the arrangement was an operating lease or a finance lease and whether any instalment contained a capital component. Both issues were remanded for re-examination, resulting in only statistical relief to the assessee. en-us Tue, 02 Jul 2013 00:00:00 +0530 Sat, 10 Dec 2016 11:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188642 Expenditure on expansion of an export-oriented undertaking could not be conclusively classified as revenue or capital in the absence of a detailed breakup of the expenses, so the matter was restored for fresh adjudication on the applicable legal principles. The balance lease rent claim also required reconsideration because the lease agreement and supporting particulars were not produced; the correct tax treatment depended on whether the arrangement was an operating lease or a finance lease and whether any instalment contained a capital component. Both issues were remanded for re-examination, resulting in only statistical relief to the assessee. Case-Laws Income Tax Tue, 02 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188642