Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2007 (1) TMI 101 - DELHI HIGH COURT
Service charges paid by assessee to Electricity board for laying the service line for 4th unit – AO held that benefit derived by assessee was of an enduring nature so it is capital expenditure – Setting 4th unit is extension of existing business, not start of new business - held that service lines didn’t belong to assessee but to Electricity board & were laid to enable assessee to conduct its business more efficiently – benefits are of commercial nature so they are revenue expenditure