https://www.taxtmi.com/caselaws?id=23673 Expenditure incurred by an assessee, jointly with other industrial concerns, for constructing a railway platform to facilitate transport and improve manufacturing operations was treated as revenue expenditure. The arrangement secured an immediate commercial advantage and made the business more profitable and convenient, but did not create a capital asset belonging to the assessee in the ordinary sense. Applying the principle that spending incurred to facilitate business operations and obtain commercial advantage is allowable as revenue expenditure, even if the benefit endures for some time, the amount was rightly allowed as a deduction. en-us Tue, 21 Mar 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23673 Expenditure incurred by an assessee, jointly with other industrial concerns, for constructing a railway platform to facilitate transport and improve manufacturing operations was treated as revenue expenditure. The arrangement secured an immediate commercial advantage and made the business more profitable and convenient, but did not create a capital asset belonging to the assessee in the ordinary sense. Applying the principle that spending incurred to facilitate business operations and obtain commercial advantage is allowable as revenue expenditure, even if the benefit endures for some time, the amount was rightly allowed as a deduction. Case-Laws Income Tax Tue, 21 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23673