https://www.taxtmi.com/caselaws?id=36839 The High Court determined that the expenditure of Rs. 49,009 incurred by the assessee for converting a godown into a cinema theatre was of a capital nature, not a revenue expenditure. Consequently, the deduction under Section 37(1) of the Income Tax Act, 1961, was disallowed. The court emphasized that the expenditure created an enduring benefit, qualifying it as capital expenditure. The Tribunal's decision allowing the deduction was overturned, and the assessee was directed to pay the costs of the revenue. en-us Fri, 30 Sep 1977 00:00:00 +0530 Wed, 24 Mar 2010 18:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36839 The High Court determined that the expenditure of Rs. 49,009 incurred by the assessee for converting a godown into a cinema theatre was of a capital nature, not a revenue expenditure. Consequently, the deduction under Section 37(1) of the Income Tax Act, 1961, was disallowed. The court emphasized that the expenditure created an enduring benefit, qualifying it as capital expenditure. The Tribunal's decision allowing the deduction was overturned, and the assessee was directed to pay the costs of the revenue. Case-Laws Income Tax Fri, 30 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36839