https://www.taxtmi.com/caselaws?id=30528 The High Court of Madras determined that the expenditure incurred for shifting a factory from one location to another constituted revenue expenditure rather than capital expenditure. The court emphasized that the shift was necessary for the survival of the factory, not solely for enduring advantage in trade. Considering factors like public opposition and lack of business benefits at the new location, the court held that the expenditure was revenue in nature. As a result, the court dismissed the appeal, finding no substantial question of law to address. en-us Mon, 21 Aug 2006 00:00:00 +0530 Mon, 01 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30528 The High Court of Madras determined that the expenditure incurred for shifting a factory from one location to another constituted revenue expenditure rather than capital expenditure. The court emphasized that the shift was necessary for the survival of the factory, not solely for enduring advantage in trade. Considering factors like public opposition and lack of business benefits at the new location, the court held that the expenditure was revenue in nature. As a result, the court dismissed the appeal, finding no substantial question of law to address. Case-Laws Income Tax Mon, 21 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30528