Dismissing the appeal of the Revenue the Court held that the Tribunal was right in holding that the expenses in connection with construction and handing over of transmission lines sub-station to the State Government were to be treated as revenue expenditure. Followed, Empire Jute Co Ltd v. CIT (1980) 124 ITR 1 (SC)
CIT v. Bannari Amman Sugars Ltd (2023)457 ITR 246/(2022) 145 taxmann.com 276 (Mad)(HC)
S. 37(1) : Business expenditure-Capital or revenue-Construction and handing over of transmission lines sub-station-Revenue expenditure.