Dismissing the appeal of the revenue the Court held that, expenditure incurred for renovation and interior work of stadium, construction of foundation of camera, staircase, control room, fabrication and erection of structural steels, fixing of MS sliding gates, different pipes for sprinkler system in main ground, excavation of soil, purchasing of LED Reply screen, electric materials etc., for upgrading stadium in accordance with ICC standards, was revenue in nature as assessee did not create a new asset or create a source of enduring benefit and expenditure was for upgradation of existing facilities is revenue in nature. (AY. 2007-08)