https://www.taxtmi.com/caselaws?id=12937 The High Court ruled in favor of the assessee, determining that the expenses for laying a cement surfaced tennis court, expenditure on common facilities in employee's lay-outs, and guarantee commission were all revenue expenditures, not capital expenditures. The court emphasized that the benefits derived from these expenses were not enduring or capital in nature, aligning with previous decisions and principles. en-us Mon, 12 Nov 2001 00:00:00 +0530 Mon, 25 May 2009 13:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12937 The High Court ruled in favor of the assessee, determining that the expenses for laying a cement surfaced tennis court, expenditure on common facilities in employee's lay-outs, and guarantee commission were all revenue expenditures, not capital expenditures. The court emphasized that the benefits derived from these expenses were not enduring or capital in nature, aligning with previous decisions and principles. Case-Laws Income Tax Mon, 12 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12937