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Case lawSupreme Court › CIT v Associated Cement Companies Ltd
Supreme CourtHelps taxpayers.37(1)

CIT v Associated Cement Companies Ltd

I built a water supply system for the local town and handed it to the municipality, and in return my factory stays outside municipal limits for fifteen years. Is that spending deductible?

I built a water supply system for the local town and handed it to the municipality, and in return my factory stays outside municipal limits for fifteen years. Is that spending deductible?

Yes. The Supreme Court held the expenditure was on revenue account and deductible. Nothing was added to the company's capital assets and its capital structure was unchanged: the pipelines and installations belonged to the municipality, not to the company. The only advantage the company got was immunity, under normal conditions, from municipal rates and taxes for fifteen years - and had those rates been payable they would have been revenue outgoings, so the advantage lay in the field of revenue and not of capital. Applying Empire Jute, an enduring advantage does not by itself make expenditure capital. The Revenue's appeal was dismissed with costs.

Decided by the Supreme Court (Supreme Court of India - R.S. Pathak, CJ and M.H. Kania, J (judgment by Kania, J)) on 1988-05-04, reported as (1988) 172 ITR 257 (SC); 1988 Supp SCC 378; 1988 SCR (3) 917; JT 1988 (2) 287. It bears on section 37(1) of the Income Tax Act 1961, in Deductions & Disallowances matters.

Still good law. I read the whole judgment to its dismissal of the appeal. It applies the Court's decision in Empire Jute and the qualification that decision placed on the Atherton test. I checked no later authority in this session.

Why it matters

This is the Supreme Court's clearest application of the proposition that the enduring benefit test can break down. Two working rules come out of it, both used constantly. First, look at what the advantage saves: if the liability avoided would itself have been a revenue outgoing, the advantage is in the revenue field however long it lasts. Second, look at who owns what the money built: expenditure that creates an asset in someone else's hands, leaving the payer's fixed capital untouched, does not become capital merely because a structure has come into existence. Taken together they cover the very common case of a business that funds public infrastructure - roads, water, power lines - in return for a commercial concession.

Binding on every court and authority in India.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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