Dismissing the appeal of the revenue the Court held that contribution towards reconstruction of Bridge to enable transportation of assessee’s products to port is allowable as revenue expenditure. (AY. 2009-10)
CIT v. Sociedade De Fomento Industrial Pvt. Ltd. (No. 2) (2020) 429 ITR 358 / (2021) 277 Taxman 6 / 207 DTR 381/ ( 2022) 324 CTR 524 (Bom.)(HC)
S. 37(1) : Business expenditure-Capital or revenue-Contribution towards reconstruction of Bridge to enable transportation of assessee’s products to port-Allowable as revenue expenditure.