https://www.taxtmi.com/caselaws?id=117556 Compensation paid to acquire a restricted right of user in land for laying pipelines is treated as capital expenditure, because the right has an enduring character and relates to land rather than to installation of plant. It is therefore not allowable as revenue expenditure, and depreciation is not admissible on that amount as part of the block of plant and machinery. The claim for deduction of share issue and preliminary expenses under section 35D was remitted for fresh consideration in line with the earlier year's view, so only limited relief was granted. en-us Tue, 03 May 2005 00:00:00 +0530 Sat, 23 Jun 2012 13:54:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117556 Compensation paid to acquire a restricted right of user in land for laying pipelines is treated as capital expenditure, because the right has an enduring character and relates to land rather than to installation of plant. It is therefore not allowable as revenue expenditure, and depreciation is not admissible on that amount as part of the block of plant and machinery. The claim for deduction of share issue and preliminary expenses under section 35D was remitted for fresh consideration in line with the earlier year's view, so only limited relief was granted. Case-Laws Income Tax Tue, 03 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117556