https://www.taxtmi.com/caselaws?id=35781 Expenditure contributed toward black-topping an existing industrial estate approach road was held revenue in nature because it merely restored the surface of an already used road, did not create a new asset, and served the efficient carrying on of business. Relief under sections 80E/80-I had to be computed only after first setting off carried forward unabsorbed depreciation and development rebate, consistent with the later binding Supreme Court rule. The principal expenditure issue was therefore resolved in favour of the assessee, while the deduction-computation issue was resolved in favour of the revenue. en-us Tue, 29 Sep 1981 00:00:00 +0530 Tue, 16 Mar 2010 15:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35781 Expenditure contributed toward black-topping an existing industrial estate approach road was held revenue in nature because it merely restored the surface of an already used road, did not create a new asset, and served the efficient carrying on of business. Relief under sections 80E/80-I had to be computed only after first setting off carried forward unabsorbed depreciation and development rebate, consistent with the later binding Supreme Court rule. The principal expenditure issue was therefore resolved in favour of the assessee, while the deduction-computation issue was resolved in favour of the revenue. Case-Laws Income Tax Tue, 29 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35781