https://www.taxtmi.com/caselaws?id=18116 The High Court upheld the Tribunal's decision that the expenditure incurred by the assessee for constructing roads, wells, and pipelines was revenue expenditure and incurred wholly and exclusively for the business purpose. The court ruled in favor of the assessee, rejecting the Revenue's argument that the expenditure should be treated as capital expenditure. en-us Tue, 19 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 18:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18116 The High Court upheld the Tribunal's decision that the expenditure incurred by the assessee for constructing roads, wells, and pipelines was revenue expenditure and incurred wholly and exclusively for the business purpose. The court ruled in favor of the assessee, rejecting the Revenue's argument that the expenditure should be treated as capital expenditure. Case-Laws Income Tax Tue, 19 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18116