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1992 (7) TMI 2 - SUPREME COURT
Whether the betterment charges be disallowed ?
Held that:- The High Court of Gujarat has rightly held that the betterment charge on account of increase in the value of the land of the assessee should not be held to be revenue expenditure although general improvement of the area may have an impact on the better running of the business. We, therefore, find no reason to interfere with the decision of the Gujarat High Court by accepting the reasoning of the Madras High Court in Dollar Co.'s case [1986 (3) TMI 65 - MADRAS High Court]. The instant appeal, therefore, fails and is dismissed