https://www.taxtmi.com/caselaws?id=60622 The Tribunal allowed the appeal and deleted the disallowance of Rs. 1,70,000 claimed by a public limited company for fees paid for a feasibility report on installing a captive power station at its factory. The Tribunal held that the expenditure should be treated as revenue expenditure as it was incurred for uninterrupted power supply, saving losses, and did not result in the creation of an enduring asset due to the project being abandoned. en-us Tue, 28 Feb 1995 00:00:00 +0530 Fri, 07 Jan 2011 12:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60622 The Tribunal allowed the appeal and deleted the disallowance of Rs. 1,70,000 claimed by a public limited company for fees paid for a feasibility report on installing a captive power station at its factory. The Tribunal held that the expenditure should be treated as revenue expenditure as it was incurred for uninterrupted power supply, saving losses, and did not result in the creation of an enduring asset due to the project being abandoned. Case-Laws Income Tax Tue, 28 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60622