https://www.taxtmi.com/highlights?id=102797 Contributions to an electricity board for augmenting a transmission network may constitute revenue expenditure under Section 37(1) where the board retains ownership, maintenance responsibility and the right to use the service line for other consumers. No tangible asset, ownership right or enduring capital asset arises for the contributor in those circumstances. The expenditure is incurred to improve the profitability of the existing business apparatus and does not render an assessment order erroneous or prejudicial to revenue merely because it was allowed as revenue expenditure. en-us Tue, 18 Aug 2026 09:40:04 +0530 Tue, 18 Aug 2026 09:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102797 Contributions to an electricity board for augmenting a transmission network may constitute revenue expenditure under Section 37(1) where the board retains ownership, maintenance responsibility and the right to use the service line for other consumers. No tangible asset, ownership right or enduring capital asset arises for the contributor in those circumstances. The expenditure is incurred to improve the profitability of the existing business apparatus and does not render an assessment order erroneous or prejudicial to revenue merely because it was allowed as revenue expenditure. Highlights Income Tax Tue, 18 Aug 2026 09:40:04 +0530 https://www.taxtmi.com/highlights?id=102797