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<h1>Brokerage expenses for lease deductible as they don't confer enduring benefit</h1> The High Court of Bombay held that brokerage expenses incurred for obtaining premises on lease were deductible as they did not confer an enduring benefit ... Business Expenditure The High Court of Bombay ruled that the amount spent on brokerage for obtaining premises on lease was an allowable deduction as it did not result in an enduring benefit to the assessee. The decision was based on a previous case and the question was answered in favor of the assessee, with the revenue directed to pay the costs.
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