https://www.taxtmi.com/caselaws?id=55932 The Tribunal upheld the CIT(A)'s decision to allow the expenditure of Rs. 85,400 incurred by the assessee for obtaining a high tension power line as a revenue deduction. The Tribunal determined that the payment was made to enhance business operations efficiently, with ownership of the equipment remaining with the electricity company. Relying on precedents and emphasizing the revenue nature of the expenditure, the Tribunal dismissed the Revenue's appeal, affirming the treatment of the amount as a revenue expenditure for the assessee's business. en-us Fri, 17 Jul 1992 00:00:00 +0530 Tue, 30 Nov 2010 17:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55932 The Tribunal upheld the CIT(A)'s decision to allow the expenditure of Rs. 85,400 incurred by the assessee for obtaining a high tension power line as a revenue deduction. The Tribunal determined that the payment was made to enhance business operations efficiently, with ownership of the equipment remaining with the electricity company. Relying on precedents and emphasizing the revenue nature of the expenditure, the Tribunal dismissed the Revenue's appeal, affirming the treatment of the amount as a revenue expenditure for the assessee's business. Case-Laws Income Tax Fri, 17 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55932