https://www.taxtmi.com/caselaws?id=754314 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision that expenses incurred by the assessee for installing an electric transformer were revenue in nature under Section 37, not capital expenditure. The ownership remained with the Electricity Board, and no personal benefit accrued to the assessee. The appeal was dismissed on merit. en-us Tue, 09 Jan 2024 00:00:00 +0530 Fri, 21 Jun 2024 08:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754314 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision that expenses incurred by the assessee for installing an electric transformer were revenue in nature under Section 37, not capital expenditure. The ownership remained with the Electricity Board, and no personal benefit accrued to the assessee. The appeal was dismissed on merit. Case-Laws Income Tax Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754314