https://www.taxtmi.com/caselaws?id=16649 The Appellate Tribunal ruled in favor of the assessee, allowing the claim of Rs. 60,000 as revenue expenditure for the assessment year 1975-76. The Tribunal determined that the expenditure on resurfacing the road within the factory premises did not create a new asset or substantially improve the existing asset, aligning with precedents that customary repairs without creating new assets are revenue expenditures. en-us Thu, 24 Jul 1997 00:00:00 +0530 Wed, 09 Sep 2009 12:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16649 The Appellate Tribunal ruled in favor of the assessee, allowing the claim of Rs. 60,000 as revenue expenditure for the assessment year 1975-76. The Tribunal determined that the expenditure on resurfacing the road within the factory premises did not create a new asset or substantially improve the existing asset, aligning with precedents that customary repairs without creating new assets are revenue expenditures. Case-Laws Income Tax Thu, 24 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16649