https://www.taxtmi.com/caselaws?id=312542 The ITAT determined that the Rs. 7.83 crores spent on rectifying and improving power lines was revenue expenditure. It also ruled that the Rs. 8.50 crores subsidy from the Government of Andhra Pradesh was a revenue receipt. Consequently, the Revenue's appeal was partly allowed, classifying both the expenditure and subsidy as revenue in nature. en-us Fri, 13 Aug 2010 00:00:00 +0530 Fri, 23 Feb 2024 11:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312542 The ITAT determined that the Rs. 7.83 crores spent on rectifying and improving power lines was revenue expenditure. It also ruled that the Rs. 8.50 crores subsidy from the Government of Andhra Pradesh was a revenue receipt. Consequently, the Revenue's appeal was partly allowed, classifying both the expenditure and subsidy as revenue in nature. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312542