Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1985 (7) TMI 176 - ITAT MADRAS-AExtract: .......only once and for all, but with view to bring into existence an asset or an advantage for the enduring benefit of a trade. Accordingly, we hold that the expenditure incurred for purchasing the Generator is capital in nature. Thus, the order passed by the authorities below on this point is confirmed and the appeal filed by the assessee is dismissed.
|