2008 (10) TMI 133

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..... n the capital field and the expenditure was incurred by the assessee in the interest of its business - Tribunal rightly held that the expenditure was of a revenue nature and was not in the capital field. - 621 of 2007 and 718 of 2008 - - - Dated:- 21-10-2008 - BADAR DURREZ HUSSAIN AND RAJIV SHAKDHER JJ. Ms. Prem Lata Bansal for the appellant. Rakesh Gupta, Ashwani Taneja and Ms. Aarti S .....

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..... s also made for advice on application of techniques of predictive breakdowns so that the assessee can execute predictive maintenance of the structures from time to time in order to minimize the chances of unexpected breakdowns or public casualties at the amusement park (Appu Ghar). The Tribunal has applied the tests as laid down in Empire Jute Co. Ltd. v. CIT [1980] 124 ITR 1 (SC) and has conc .....

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