https://www.taxtmi.com/caselaws?id=25368 The court ruled in favor of the Revenue, determining that the contribution made by the assessee to the Maharashtra Housing Board and the expenditure incurred for housing its employees in tenements were both capital expenditures. The court emphasized the enduring benefit obtained by the assessee in the capital field, referencing similar cases and legal principles to support its decision. The judgment highlighted the distinction between revenue and capital expenditure, considering factors such as commercial expediency and the lasting nature of the benefit received. en-us Mon, 23 Mar 1987 00:00:00 +0530 Thu, 28 Jan 2010 11:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25368 The court ruled in favor of the Revenue, determining that the contribution made by the assessee to the Maharashtra Housing Board and the expenditure incurred for housing its employees in tenements were both capital expenditures. The court emphasized the enduring benefit obtained by the assessee in the capital field, referencing similar cases and legal principles to support its decision. The judgment highlighted the distinction between revenue and capital expenditure, considering factors such as commercial expediency and the lasting nature of the benefit received. Case-Laws Income Tax Mon, 23 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25368