CAPITAL OR REVENUE EXPENDITURE ::

Last updated: 09 November 2007

Court :
HC

Brief :
Held by the Hon`ble Bench that, the scheme was introduce for the overall skill level improvement and the only aim was to facilitate the carrying on the business more efficiently and more profitably. Therefore expenditure incurred for achieving optimum manpower utilisation is not capital expenditure.

Citation :
P.I. Industries Ltd. Vs. Asst. Commissioner of Income Tax

Capital or Revenue Expenditure P.I. Industries Ltd. Vs. Asst. Commissioner of Income Tax 07/28/2006 [2007] 294 ITR (AT) 206 (Jodhpur) Case Fact: Whether, expenditure incurred for achieving optimum manpower utilisation is capital expenditure? Decision: Held by the Hon`ble Bench that, the scheme was introduce for the overall skill level improvement and the only aim was to facilitate the carrying on the business more efficiently and more profitably. Therefore expenditure incurred for achieving optimum manpower utilisation is not capital expenditure.

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

CA.Saibaburao Nanduri

Published in Income Tax
Views : 48

Share Report Abuse

Comments

CAPITAL OR REVENUE EXPENDITURE ::

CA.Saibaburao Nanduri

Trending Online Classes

Meet our CAclubindia PRO Members

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

Accountant

GST CONSULTANT

GST CONSULTANCY

Article Assistant

CAPITAL OR REVENUE EXPENDITURE ::

Other Latest Judgments

Browse by Category