1994 (1) TMI 42 - HC - Income Tax

Summary

The High Court of Madras held that the expenditure incurred by the assessee on constructing a bedding and a room for storing cloth was revenue expenditure, not capital expenditure. The court affirmed the Tribunal's finding that there was no enduring benefit for the structure as the assessee was a lessee. The deduction was allowed, and the Revenue's appeal was dismissed. (Case citation: 1994 (1) TMI 42 - MADRAS High Court)