1985 (4) TMI 5

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....he assessment year 1969-70 is: " Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure of Rs. 99,284 was revenue in nature ? " The facts set out by the Tribunal show that the assessee had purchased two cinema houses, one at New Delhi and one at Bombay. Substantial renovations and additions were made by the assessee to the Plaza Cin....

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....upreme Court's decision in CIT v. Mahalakshmi Textile Mills Ltd. [1967] 66 ITR 710. The claim of the Department was that the new wiring resulted in an enduring benefit to the assessee and hence this was a capital expense. The Tribunal followed the judgments of the Allahabad High Court in CIT v. Atherton West and Co. Ltd. [1971] 82 ITR 352, the Patna High Court in CIT v. Dehri Rohtas Light Railw....