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2013 (10) TMI 429 - HC - Income TaxAmount paid for preparation of project report, a revenue expenditure of capital expenditure – Held that:- If the expenditure incurred was in respect of the same business, and was for expansion of the existing business and there was unity of control and common funds, then such expenditure could be treated as business expenditure. But, if a new asset has come into existence which was of enduring benefit, then such expenditure would be of capital nature – In the present case, feasibility report was for the same and subsisting business with common administration and fund – Further, no new asset was created – Decided against the Revenue.
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