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2014 (1) TMI 30 - HC - Income TaxWhether amount paid for laying new cables for the supply of electricity be revenue expenditure - Held that:- Following Commissioner of Income Tax Vs. Kanodia Cold Storage [1974 (5) TMI 18 - ALLAHABAD High Court] - The object of incurring the expenditure was to get the existing power line replaced so as to enable the assessee to receive higher K. V. A. electric power - It cannot be said that by changing the line the assessee procured some enduring asset - The amount paid to the State Electricity Board, for laying additional lines, and for shifting HT lines, was of revenue nature - Decided against Revenue.
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