https://www.taxtmi.com/caselaws?id=27735 The High Court of Punjab and Haryana upheld the Tribunal's decision, ruling in favor of the assessee regarding the deduction claimed for service charges paid to the Assam Electricity Board. The Court considered the expenditure as revenue in nature, emphasizing that the service lines laid were not permanent assets but aimed at enhancing productivity. Referring to relevant precedents, the Court concluded that expenses for improving electricity supply were revenue expenditures. The decision favored the assessee, rejecting the Revenue's challenge on the allowability of the sum paid to the Assam Electricity Board. en-us Fri, 09 Mar 1984 00:00:00 +0530 Mon, 15 Feb 2010 16:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27735 The High Court of Punjab and Haryana upheld the Tribunal's decision, ruling in favor of the assessee regarding the deduction claimed for service charges paid to the Assam Electricity Board. The Court considered the expenditure as revenue in nature, emphasizing that the service lines laid were not permanent assets but aimed at enhancing productivity. Referring to relevant precedents, the Court concluded that expenses for improving electricity supply were revenue expenditures. The decision favored the assessee, rejecting the Revenue's challenge on the allowability of the sum paid to the Assam Electricity Board. Case-Laws Income Tax Fri, 09 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27735