https://www.taxtmi.com/caselaws?id=30851 The Court held that the expenditure incurred by the assessee for constructing a drainage pipeline was capital in nature as it provided an enduring benefit, allowing the assessee to discharge effluents indefinitely. The amount related to TDS certificates from banks was allowed as revenue expenditure, as the loss incurred in obtaining the certificates was deemed incidental to carrying on the business. The appeal was partly allowed, with the expenditure on the drainage pipeline deemed capital and the TDS certificates amount considered revenue expenditure. en-us Wed, 08 Nov 2006 00:00:00 +0530 Mon, 29 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30851 The Court held that the expenditure incurred by the assessee for constructing a drainage pipeline was capital in nature as it provided an enduring benefit, allowing the assessee to discharge effluents indefinitely. The amount related to TDS certificates from banks was allowed as revenue expenditure, as the loss incurred in obtaining the certificates was deemed incidental to carrying on the business. The appeal was partly allowed, with the expenditure on the drainage pipeline deemed capital and the TDS certificates amount considered revenue expenditure. Case-Laws Income Tax Wed, 08 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30851