2000 (11) TMI 24

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....ontribution made by the assessee to the Government for building a new bridge in place of the old one which had become unserviceable, and which bridge was essential to provide access to the assessee's factory-as the workmen could not reach the factory unless that bridge was available for their movement is in the nature of capital expenditure, and not revenue as held by the Tribunal. We do not find ....

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....ourt. Counsel for the Revenue, however, relied upon a decision rendered by a two-judge Bench of the apex court in the case of Arivind Mills Ltd. v. CIT [1992] 197 ITR 422, wherein it was held that the betterment charges paid by the mill in respect of the lands owned by it was a payment which was in the capital field, and not revenue, as the improvement effected was for the better enjoyment of th....