https://www.taxtmi.com/caselaws?id=201913 HC held lease rent paid to GIDC was revenue, not capital, rejecting characterization as acquisition of a fixed asset or enduring advantage. The deed's registration did not alter the transaction's nature; the rent was nominal and merely enabled business use of land without changing the assessee's capital structure. The Assessing Officer's finding that payment was for use of land was noted, and the Tribunal's allowance of the rent as revenue expenditure was upheld. The appeal was dismissed with no order as to costs. en-us Mon, 23 Mar 2009 00:00:00 +0530 Thu, 04 Sep 2025 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201913 HC held lease rent paid to GIDC was revenue, not capital, rejecting characterization as acquisition of a fixed asset or enduring advantage. The deed's registration did not alter the transaction's nature; the rent was nominal and merely enabled business use of land without changing the assessee's capital structure. The Assessing Officer's finding that payment was for use of land was noted, and the Tribunal's allowance of the rent as revenue expenditure was upheld. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Mon, 23 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201913