https://www.taxtmi.com/caselaws?id=23890 The court ruled in favor of the assessee, holding that the expenditure of Rs. 45,149 for installing a new power line and equipment was allowable as revenue expenditure under section 37 of the Income-tax Act, 1961. The court emphasized that the expenditure aimed at running the factory efficiently without impacting fixed capital, aligning it with revenue nature. The judgment favored the assessee, with no costs imposed. en-us Mon, 13 Feb 1989 00:00:00 +0530 Fri, 15 Jan 2010 11:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23890 The court ruled in favor of the assessee, holding that the expenditure of Rs. 45,149 for installing a new power line and equipment was allowable as revenue expenditure under section 37 of the Income-tax Act, 1961. The court emphasized that the expenditure aimed at running the factory efficiently without impacting fixed capital, aligning it with revenue nature. The judgment favored the assessee, with no costs imposed. Case-Laws Income Tax Mon, 13 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23890