https://www.taxtmi.com/caselaws?id=37760 Expenditure incurred continuously in the ordinary process of winning coal from an open quarry was held to be revenue expenditure because removal of overburden did not create a permanent access or any enduring asset. The decisive test applied was whether the outlay brought into existence an advantage of lasting benefit or was merely part of the business operation generating profits. On the facts stated, the expense was treated as part of the mining activity itself and therefore allowable as a deduction rather than capital in nature. en-us Fri, 11 Jul 1975 00:00:00 +0530 Wed, 31 Mar 2010 18:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37760 Expenditure incurred continuously in the ordinary process of winning coal from an open quarry was held to be revenue expenditure because removal of overburden did not create a permanent access or any enduring asset. The decisive test applied was whether the outlay brought into existence an advantage of lasting benefit or was merely part of the business operation generating profits. On the facts stated, the expense was treated as part of the mining activity itself and therefore allowable as a deduction rather than capital in nature. Case-Laws Income Tax Fri, 11 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37760