https://www.taxtmi.com/caselaws?id=281713 Business promotion and co-operative development expenditure, including assistance to a sister co-operative, reimbursements to member unions, and Amul Yatra , was treated as revenue expenditure because it was incurred wholly for business purposes and did not create a capital asset or enduring advantage. Depreciation on Amul Parlours was allowed at 100% on the basis that the parlours were business structures on leasehold or temporary premises, consistent with the assessee's own earlier litigation. Repairs to the plant and directors' visit expenses were also regarded as revenue in nature, as they related to restoration of an existing asset and business oversight. Additional depreciation under section 32(1)(iia) was accepted following binding precedent in the assessee's case. en-us Wed, 05 Jul 2017 00:00:00 +0530 Wed, 03 Jul 2019 09:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281713 Business promotion and co-operative development expenditure, including assistance to a sister co-operative, reimbursements to member unions, and Amul Yatra , was treated as revenue expenditure because it was incurred wholly for business purposes and did not create a capital asset or enduring advantage. Depreciation on Amul Parlours was allowed at 100% on the basis that the parlours were business structures on leasehold or temporary premises, consistent with the assessee's own earlier litigation. Repairs to the plant and directors' visit expenses were also regarded as revenue in nature, as they related to restoration of an existing asset and business oversight. Additional depreciation under section 32(1)(iia) was accepted following binding precedent in the assessee's case. Case-Laws Income Tax Wed, 05 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281713