https://www.taxtmi.com/caselaws?id=25000 The High Court of Madhya Pradesh ruled in favor of the assessee, holding that the expenditures for the construction of a road and tubewells were revenue in nature and not capital. The court allowed the deductions claimed by the assessee, disagreeing with the Tribunal's decision to treat the expenditures as capital. The parties were directed to bear their own costs in relation to the reference. en-us Wed, 11 Nov 1987 00:00:00 +0530 Sat, 23 Jan 2010 16:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25000 The High Court of Madhya Pradesh ruled in favor of the assessee, holding that the expenditures for the construction of a road and tubewells were revenue in nature and not capital. The court allowed the deductions claimed by the assessee, disagreeing with the Tribunal's decision to treat the expenditures as capital. The parties were directed to bear their own costs in relation to the reference. Case-Laws Income Tax Wed, 11 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25000