https://www.taxtmi.com/caselaws?id=60678 The Appellate Tribunal upheld the Revenue's decision regarding the disputed expenditures in the case. The expenditure incurred for setting up a machine building complex was treated as capital expenditure, not revenue, as it was for erecting a factory building. Additionally, the amount received from the Government for exporting machines was considered a revenue receipt, not capital, as it was earned from the normal business activity of exporting goods. The Tribunal dismissed the appeal, affirming the treatment of the amounts as capital and revenue receipts, respectively. en-us Fri, 15 Jan 1988 00:00:00 +0530 Fri, 07 Jan 2011 15:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60678 The Appellate Tribunal upheld the Revenue's decision regarding the disputed expenditures in the case. The expenditure incurred for setting up a machine building complex was treated as capital expenditure, not revenue, as it was for erecting a factory building. Additionally, the amount received from the Government for exporting machines was considered a revenue receipt, not capital, as it was earned from the normal business activity of exporting goods. The Tribunal dismissed the appeal, affirming the treatment of the amounts as capital and revenue receipts, respectively. Case-Laws Income Tax Fri, 15 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60678