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Nature of Expenditure

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(Querist)
03 June 2010 OIDC(a government owned company)and a group of firms in Daman have made an agreement to DEVELOP ROAD and for which one of such firm has paid Rs.260000/- to OIDC(firm's share) which is material,considering the nature of firm so whether the expenditure can be considered as Capital expenditure or revenue expenditure?
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CA V. Mohanakrishnan

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CA V. Mohanakrishnan (Expert)
03 June 2010 The question is vague. Need to have details of what is the amount paid in the context of the agreement entered to ascertain the nature
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