https://www.taxtmi.com/caselaws?id=26532 A compulsory betterment contribution levied under a town planning scheme, imposed because development of the area had increased or was likely to increase the land's value, was treated as revenue expenditure where it did not bring any asset into existence or enlarge the assessee's profit-making apparatus. The levy merely funded facilities such as roads and drainage that facilitated the factory's business operations, so its character was connected with the use of those facilities rather than an enduring advantage in the capital field. The deduction was therefore admissible in computing business income and the issue was answered against the Revenue. en-us Wed, 05 Mar 1986 00:00:00 +0530 Fri, 05 Feb 2010 16:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26532 A compulsory betterment contribution levied under a town planning scheme, imposed because development of the area had increased or was likely to increase the land's value, was treated as revenue expenditure where it did not bring any asset into existence or enlarge the assessee's profit-making apparatus. The levy merely funded facilities such as roads and drainage that facilitated the factory's business operations, so its character was connected with the use of those facilities rather than an enduring advantage in the capital field. The deduction was therefore admissible in computing business income and the issue was answered against the Revenue. Case-Laws Income Tax Wed, 05 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26532