https://www.taxtmi.com/caselaws?id=400389 The High Court upheld the Tribunal's decision that a lump sum payment for infrastructure development and uninterrupted power supply constituted revenue expenditure under Section 37(1) of the Income Tax Act, 1961. The Court dismissed the Tax Case Appeals, emphasizing the enduring advantage test and specific case facts, ruling against the Revenue's arguments for capital treatment based on enduring benefit and distortion of profit. en-us Fri, 16 Oct 2020 00:00:00 +0530 Thu, 24 Dec 2020 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400389 The High Court upheld the Tribunal's decision that a lump sum payment for infrastructure development and uninterrupted power supply constituted revenue expenditure under Section 37(1) of the Income Tax Act, 1961. The Court dismissed the Tax Case Appeals, emphasizing the enduring advantage test and specific case facts, ruling against the Revenue's arguments for capital treatment based on enduring benefit and distortion of profit. Case-Laws Income Tax Fri, 16 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400389