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Sum paid by Co. to Govt. for construction of bridge for transportation of its goods was revenue exp.

August 26, 2019[2019] 108 taxmann.com 116 (Bombay)/[2019] 265 Taxman 317 (Bombay)

INCOME TAX : Where assessee made contribution to State Government towards construction of a bridge which would be used by assessee for transportation of its goods, since bridge was not owned by assessee and assessee, by spending for construction of new bridge, had not acquired any property or right of permanent character, amount paid by assessee was to be treated as revenue expenditure

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