https://www.taxtmi.com/caselaws?id=56534 Expenditure incurred on removing internal walls and converting a rented shop into a larger hall for wholesale business was treated as revenue expenditure because no new enduring asset was created and the work merely facilitated business operations. Since the floor and roof remained intact and only the middle walls were removed, the outlay was held to be outside the capital field and allowable as a business deduction under section 37. en-us Thu, 31 Mar 1977 00:00:00 +0530 Sat, 04 Dec 2010 12:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56534 Expenditure incurred on removing internal walls and converting a rented shop into a larger hall for wholesale business was treated as revenue expenditure because no new enduring asset was created and the work merely facilitated business operations. Since the floor and roof remained intact and only the middle walls were removed, the outlay was held to be outside the capital field and allowable as a business deduction under section 37. Case-Laws Income Tax Thu, 31 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56534