https://www.taxtmi.com/caselaws?id=21485 The expenditure of Rs. 20,00,598 incurred for constructing a road was classified as capital expenditure by the Tribunal, creating a tangible asset with enduring benefits. The assessee's claim for revenue expenditure was rejected, emphasizing the ownership of the road by the assessee and allowing depreciation claims. The Tribunal's decision was upheld, favoring the revenue, with no separate judgments delivered by the judges. en-us Mon, 11 Sep 1989 00:00:00 +0530 Tue, 24 Nov 2009 17:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21485 The expenditure of Rs. 20,00,598 incurred for constructing a road was classified as capital expenditure by the Tribunal, creating a tangible asset with enduring benefits. The assessee's claim for revenue expenditure was rejected, emphasizing the ownership of the road by the assessee and allowing depreciation claims. The Tribunal's decision was upheld, favoring the revenue, with no separate judgments delivered by the judges. Case-Laws Income Tax Mon, 11 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21485