Case Law Details
Case Name : Airport Authority of India Vs CIT (Delhi High Court)
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Courts :
All High Courts Delhi High Court
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Airport Authority of India vs. CIT (Delhi High Court) – The Supreme Court has held in the case of Assam Bengal Cement Co. Ltd. Vs. CIT (1995) 25 ITR 34 that ‘”If the expenditure is made for acquiring or bringing into existence an asset or advantage for the enduring benefit of the business it is properly attributable to capital and is of the nature of capital expenditure If on the other hand it is made not for the purpose of bringing into existence an Please become a Premium member. If you are already a Premium member, login here to access the full content.
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