https://www.taxtmi.com/caselaws?id=17501 The High Court of GAUHATI ruled in favor of the assessee, a Government undertaking engaged in forestry activities, regarding the classification of regeneration expenditure as revenue expenditure under the Income-tax Act, 1961. The court held that the expenses for replanting trees should be treated as revenue expenditure as the benefits would not be enjoyed by the assessee. The court directed the Income-tax Appellate Tribunal to take further action in favor of the assessee, rejecting the Revenue's argument for treating the expenditure as capital. en-us Wed, 10 Jul 1996 00:00:00 +0530 Tue, 22 Sep 2009 17:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17501 The High Court of GAUHATI ruled in favor of the assessee, a Government undertaking engaged in forestry activities, regarding the classification of regeneration expenditure as revenue expenditure under the Income-tax Act, 1961. The court held that the expenses for replanting trees should be treated as revenue expenditure as the benefits would not be enjoyed by the assessee. The court directed the Income-tax Appellate Tribunal to take further action in favor of the assessee, rejecting the Revenue's argument for treating the expenditure as capital. Case-Laws Income Tax Wed, 10 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17501