https://www.taxtmi.com/caselaws?id=37100 The court upheld the Tribunal's decision that the payment made by the company towards the electricity supply line was in the nature of revenue expenditure, essential for the manufacturing activities at the new unit. The court considered the payment as necessary for business operations and not for acquiring any enduring benefit, following precedents where expenses for business facilitation were treated as revenue expenditure. The application under section 256(2) of the Income Tax Act, 1961 was discharged with costs in favor of the company. en-us Tue, 09 Oct 1979 00:00:00 +0530 Fri, 26 Mar 2010 13:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37100 The court upheld the Tribunal's decision that the payment made by the company towards the electricity supply line was in the nature of revenue expenditure, essential for the manufacturing activities at the new unit. The court considered the payment as necessary for business operations and not for acquiring any enduring benefit, following precedents where expenses for business facilitation were treated as revenue expenditure. The application under section 256(2) of the Income Tax Act, 1961 was discharged with costs in favor of the company. Case-Laws Income Tax Tue, 09 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37100