https://www.taxtmi.com/caselaws?id=8541 The court held that the expenditure for constructing a road was classified as capital expenditure rather than revenue expenditure under section 37(1) of the Income-tax Act, 1961. The court determined that the road construction provided the assessee with an enduring advantage, rejecting the argument that the public dedication of the road negated the enduring benefit obtained. The judgment favored the Income-tax Officer's stance, emphasizing the enduring nature of the advantage derived from the road construction, and ruled against the assessee. en-us Fri, 20 Aug 1971 00:00:00 +0530 Thu, 30 Apr 2009 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8541 The court held that the expenditure for constructing a road was classified as capital expenditure rather than revenue expenditure under section 37(1) of the Income-tax Act, 1961. The court determined that the road construction provided the assessee with an enduring advantage, rejecting the argument that the public dedication of the road negated the enduring benefit obtained. The judgment favored the Income-tax Officer's stance, emphasizing the enduring nature of the advantage derived from the road construction, and ruled against the assessee. Case-Laws Income Tax Fri, 20 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8541