Assessee is  engaged in business of manufacture of footwear. Its factory is  located on bank of river Ganges, in order to protect its factory building from floods, damp, erosion and/or any other forms of water damages, it incurred expenses for river embankment and its renovation . Tribunal held that since costs incurred on river embankment yielded benefit of enduring nature, entire expenditure was capitalized under block ‘Factory Building’  accordingly the  depreciation  is allowable . (AY. 2008 -09)