https://www.taxtmi.com/caselaws?id=214707 The court ruled that the enhancement of lease rent attributable to various factors was categorized as either revenue or capital expenditure. It was determined that the Trust's actions did not fall under Section 40A(2) of the Income Tax Act, as it was not considered an association of persons. Therefore, the reasonableness of the payment did not need to be examined under this section. The Assessing Officer was directed to apportion the lease rental into different categories and issue a fresh order accordingly. The appeals were disposed of with no order as to costs. en-us Mon, 09 Jul 2012 00:00:00 +0530 Wed, 11 Jul 2012 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214707 The court ruled that the enhancement of lease rent attributable to various factors was categorized as either revenue or capital expenditure. It was determined that the Trust's actions did not fall under Section 40A(2) of the Income Tax Act, as it was not considered an association of persons. Therefore, the reasonableness of the payment did not need to be examined under this section. The Assessing Officer was directed to apportion the lease rental into different categories and issue a fresh order accordingly. The appeals were disposed of with no order as to costs. Case-Laws Income Tax Mon, 09 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214707