https://www.taxtmi.com/caselaws?id=71680 The Tribunal partly allowed the revenue's appeal, ruling in favor of the revenue on the disallowance of the lease money as revenue expenditure. The Tribunal held that the lump sum payment made by the assessee was for acquiring leasehold rights in the machinery, constituting capital expenditure. Consequently, the order of the CIT(A) was set aside, and the Assessing Officer's decision was reinstated regarding this issue. en-us Wed, 08 Dec 2004 00:00:00 +0530 Tue, 26 Apr 2011 15:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71680 The Tribunal partly allowed the revenue's appeal, ruling in favor of the revenue on the disallowance of the lease money as revenue expenditure. The Tribunal held that the lump sum payment made by the assessee was for acquiring leasehold rights in the machinery, constituting capital expenditure. Consequently, the order of the CIT(A) was set aside, and the Assessing Officer's decision was reinstated regarding this issue. Case-Laws Income Tax Wed, 08 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71680