https://www.taxtmi.com/caselaws?id=7044 An outlay made to improve a government-owned approach road, where the assessee acquired no asset, ownership, or capital right, was treated as revenue expenditure because it was incurred to remove transport difficulties and facilitate the efficient carrying on of business. The fact that the expenditure produced an incidental or enduring advantage did not by itself make it capital in nature, particularly when the work was a business necessity and no capital asset was brought into the assessee's hands. The amount was therefore allowable as a deduction as expenditure laid out wholly and exclusively for the purposes of the business under section 10(2)(xv) of the Indian Income-tax Act, 1922. en-us Fri, 01 Sep 1967 00:00:00 +0530 Sun, 08 Feb 2009 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7044 An outlay made to improve a government-owned approach road, where the assessee acquired no asset, ownership, or capital right, was treated as revenue expenditure because it was incurred to remove transport difficulties and facilitate the efficient carrying on of business. The fact that the expenditure produced an incidental or enduring advantage did not by itself make it capital in nature, particularly when the work was a business necessity and no capital asset was brought into the assessee's hands. The amount was therefore allowable as a deduction as expenditure laid out wholly and exclusively for the purposes of the business under section 10(2)(xv) of the Indian Income-tax Act, 1922. Case-Laws Income Tax Fri, 01 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7044