https://www.taxtmi.com/caselaws?id=200377 Expenditure on the upkeep and maintenance of immature rubber trees after planting was treated as revenue expenditure because it formed part of the recurring cost of maintaining the plantation in growth and did not bring into existence any new asset or enduring advantage. Applying the settled test under section 5(e), the outlay was held to be laid out wholly and exclusively for the plantation and not capital in nature. The deduction was therefore allowable, and the Tribunal's view was upheld. en-us Tue, 18 Mar 1958 00:00:00 +0530 Tue, 27 Mar 2018 12:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200377 Expenditure on the upkeep and maintenance of immature rubber trees after planting was treated as revenue expenditure because it formed part of the recurring cost of maintaining the plantation in growth and did not bring into existence any new asset or enduring advantage. Applying the settled test under section 5(e), the outlay was held to be laid out wholly and exclusively for the plantation and not capital in nature. The deduction was therefore allowable, and the Tribunal's view was upheld. Case-Laws Income Tax Tue, 18 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200377