Dismissing the Department’s appeal and allowing the assessee’s, (i) that the Assessing Officer had erred in taking the property as ownership property of the assessee. The Commissioner (Appeals) had given a finding of fact that the assessee entered into a separate infrastructure development agreement with S Ltd. to maintain common facilities and amenities outside the owned property of the assessee. Where the advantage consists merely in facilitating the assessee’s business operation or enabling management to conduct business in a more efficient manner, leaving the fixed capital untouched, the expenditure would be on revenue account, even though the advantage may endure for an indefinite time. Accordingly, there was no infirmity in the order of the Commissioner (Appeals).  Foreign currency fluctuation is allowable as revenue expenditure . A corporate entity and Ad hoc disallowance of  expenditure is not permissible without pointing out specific defect-Charges  towards drafting agreements, resolutions and rendering legal consultancy services relating to plant acquisition is   Professional services hence  allowable as revenue expenditure   (AY.2015-16)