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Temporary Tunnel Structures Are Revenue, Not Capital Expenditure
Case Law Details
- Case Name
- Nuziveedu Swathi Coastal Consortium Vs ACIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Hyderabad
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Nuziveedu Swathi Coastal Consortium Vs ACIT (ITAT Hyderabad)
Tunnel Project Infrastructure Is Revenue Expenditure — ITAT Hyderabad Allows Full Deduction
The Hyderabad Bench of the ITAT allowed the assessee’s appeals for AYs 2013-14 to 2015-16, 2017-18 & 2018-19, holding that expenditure incurred on temporary railway tracks, rollers & structures, conveyor belts, and ventilation ducting used in tunnel construction is revenue in nature and not capital expenditure.
Key rulings and reasoning:
Nature of advantage test applied: The Tribunal held that the decisive test is...
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