https://www.taxtmi.com/caselaws?id=29546 The court held that the expenditure of Rs. 4 lakhs was of a revenue nature and not capital, thus depreciation was not applicable. Similarly, the expenditure of Rs. 1,09,191 for converting measurements was also considered revenue expenditure, eliminating the need for depreciation. The court ruled in favor of the assessee, awarding costs accordingly. en-us Mon, 05 Apr 1982 00:00:00 +0530 Sat, 13 Mar 2010 16:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29546 The court held that the expenditure of Rs. 4 lakhs was of a revenue nature and not capital, thus depreciation was not applicable. Similarly, the expenditure of Rs. 1,09,191 for converting measurements was also considered revenue expenditure, eliminating the need for depreciation. The court ruled in favor of the assessee, awarding costs accordingly. Case-Laws Income Tax Mon, 05 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29546