https://www.taxtmi.com/caselaws?id=16252 The High Court held that the expenditure incurred on installing a water treatment plant and fume extraction plant by a steel manufacturing company was revenue expenditure for the assessment year 1986-87. The court applied the principles from the Supreme Court's decision in Alembic Chemical Works Co. Ltd. v. CIT [1989] 177 ITR 377, emphasizing that expenses improving existing business operations are revenue in nature. Thus, the court ruled in favor of the assessee, allowing the deduction for the expenditure on the plants. en-us Tue, 04 Aug 1998 00:00:00 +0530 Fri, 04 Sep 2009 17:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16252 The High Court held that the expenditure incurred on installing a water treatment plant and fume extraction plant by a steel manufacturing company was revenue expenditure for the assessment year 1986-87. The court applied the principles from the Supreme Court's decision in Alembic Chemical Works Co. Ltd. v. CIT [1989] 177 ITR 377, emphasizing that expenses improving existing business operations are revenue in nature. Thus, the court ruled in favor of the assessee, allowing the deduction for the expenditure on the plants. Case-Laws Income Tax Tue, 04 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16252