https://www.taxtmi.com/caselaws?id=8566 Expenditure on renovating buildings, reconditioning machinery and clearing debris at an existing colliery to restart mining operations was treated as revenue expenditure, because the business was already in existence and continued to be carried on. No new asset, new construction, new machinery or business expansion was brought into existence. The work merely restored the colliery for resumption of operations, so it was incurred to facilitate the existing trading activity rather than to secure an enduring advantage. On that basis, the expenditure was allowable as a business deduction. en-us Thu, 05 Aug 1971 00:00:00 +0530 Thu, 30 Apr 2009 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8566 Expenditure on renovating buildings, reconditioning machinery and clearing debris at an existing colliery to restart mining operations was treated as revenue expenditure, because the business was already in existence and continued to be carried on. No new asset, new construction, new machinery or business expansion was brought into existence. The work merely restored the colliery for resumption of operations, so it was incurred to facilitate the existing trading activity rather than to secure an enduring advantage. On that basis, the expenditure was allowable as a business deduction. Case-Laws Income Tax Thu, 05 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8566