TMI BlogNature of expenditure - contribution made towards the construction of the new bridge - the contribution...Nature of expenditure - contribution made towards the construction of the new bridge - the contribution enabling its being carried on more efficiently or more profitably and yet, at the same time, the fixed capital of the Assessee was left untouched - the expenditure was clearly on revenue account and not on capital account, though it resulted into an advantage of enduring nature ..... X X X X Extracts X X X X X X X X Extracts X X X X
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