https://www.taxtmi.com/caselaws?id=8086 The court determined that the expenditure incurred by a partnership firm operating Jagat Cinema was a permissible deduction under the Income-tax Act, 1961. The expenditure for widening the stage and screen was considered revenue expenditure and not capital expenditure, as it did not provide an enduring benefit to the business. Therefore, the court ruled in favor of the assessee, allowing the deduction of the expenditure under section 37(1) of the Income-tax Act, 1961. en-us Mon, 19 Oct 1970 00:00:00 +0530 Sat, 28 Mar 2009 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8086 The court determined that the expenditure incurred by a partnership firm operating Jagat Cinema was a permissible deduction under the Income-tax Act, 1961. The expenditure for widening the stage and screen was considered revenue expenditure and not capital expenditure, as it did not provide an enduring benefit to the business. Therefore, the court ruled in favor of the assessee, allowing the deduction of the expenditure under section 37(1) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 19 Oct 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8086