1989 (9) TMI 64

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....e made at the instance of the assessee reads thus "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure of Rs. 22,448 incurred by the assessee for the replacement of staircase was capital expenditure, not entitled to deduction as revenue expenditure ?" The question relates to the assessment year 1967-68, the relevant previous year....

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....ever, took the view that the new staircase with reinforced concrete stairs of wider dimensions brought into existence an enduring asset and that, therefore, the expenditure incurred thereon was capital expenditure. Mr. Kolah, learned counsel for the assessee, had drawn our attention to the judgment of this court in Addl. CIT v. India United Mills Ltd. [1983] 141 ITR 399. The expenditure incurre....