2017 (1) TMI 1009 - SCH - Income Tax

Expenditure incurred in excavating a drain to discharge effluents - whether is revenue or capital expenditure? - Held that - The Special Leave Petitions are dismissed. HC order confirmed 2013 (12) TMI 1420 - PUNJAB & HARYANA HIGH COURT wherein it was held that, expense incurred upon construction of the drain for release of effluents have conferred benefit of an enduring nature upon the assessee.