https://www.taxtmi.com/caselaws?id=469049 Factory-relocation expenditure incurred for dismantling, transporting, supervising and reinstalling existing machinery while continuing the same business is characterised as revenue expenditure where it creates no new asset, does not alter the capital base and does not establish a new profit-making apparatus. The relevant test is whether the outlay falls in the capital field, rather than the duration of any resulting benefit. Deduction is allowable as business expenditure where relocation merely facilitates continuation of existing operations; allowing it in the relevant year may also avoid an impractical depreciation exercise. en-us Wed, 29 Apr 2026 00:00:00 +0530 Mon, 01 Jun 2026 13:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469049 Factory-relocation expenditure incurred for dismantling, transporting, supervising and reinstalling existing machinery while continuing the same business is characterised as revenue expenditure where it creates no new asset, does not alter the capital base and does not establish a new profit-making apparatus. The relevant test is whether the outlay falls in the capital field, rather than the duration of any resulting benefit. Deduction is allowable as business expenditure where relocation merely facilitates continuation of existing operations; allowing it in the relevant year may also avoid an impractical depreciation exercise. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469049