https://www.taxtmi.com/caselaws?id=15836 Expenditure on asphalting or resurfacing a kaccha road within factory premises was treated as revenue expenditure because the work was only repair and improvement of an existing facility. Converting an existing road into an asphalt road did not by itself create a new capital asset or confer an enduring advantage. Applying its earlier view, the Bombay High Court held that such resurfacing does not change the character of the spend into capital outlay. The question was answered in the negative, in favour of the assessee and against the Revenue. en-us Wed, 04 Aug 1999 00:00:00 +0530 Sat, 29 Aug 2009 13:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15836 Expenditure on asphalting or resurfacing a kaccha road within factory premises was treated as revenue expenditure because the work was only repair and improvement of an existing facility. Converting an existing road into an asphalt road did not by itself create a new capital asset or confer an enduring advantage. Applying its earlier view, the Bombay High Court held that such resurfacing does not change the character of the spend into capital outlay. The question was answered in the negative, in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 04 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15836