https://www.taxtmi.com/caselaws?id=6265 Expenditure incurred for commercial expediency to facilitate the efficient running of a business is revenue expenditure if it does not bring into existence an asset or enduring advantage for the assessee. A contribution to a road development fund made to improve roads used for transporting sugarcane to the assessee's factories was held to be deductible because the roads remained Government property, no capital asset was acquired, and the payment was made to support the day-to-day conduct of the sugar business. The analysis confirms that a business outlay is capital only where it creates an enduring asset or benefit for the assessee. en-us Fri, 27 Aug 1971 00:00:00 +0530 Wed, 04 Feb 2015 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6265 Expenditure incurred for commercial expediency to facilitate the efficient running of a business is revenue expenditure if it does not bring into existence an asset or enduring advantage for the assessee. A contribution to a road development fund made to improve roads used for transporting sugarcane to the assessee's factories was held to be deductible because the roads remained Government property, no capital asset was acquired, and the payment was made to support the day-to-day conduct of the sugar business. The analysis confirms that a business outlay is capital only where it creates an enduring asset or benefit for the assessee. Case-Laws Income Tax Fri, 27 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6265