Erection of Wooden Police Booths Deemed Revenue Expenditure; No New Asset Created, Assessee Lacks Ownership.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Expenditure on erection of police booths which is made of wood - no new asset has come into existence nor the assessee has the ownership of the police booths so it should be treated as revenue expenditure - AT....