https://www.taxtmi.com/caselaws?id=176423 Expenditure on construction of a gallery, shade and internal partitions under a lease was characterised as capital expenditure because the works constituted accretions to the building, were not removable by the lessee, and created an enduring asset for the landlord or subsequent tenant; authorities distinguishing payments for raw materials or short-term rights were held factually distinguishable, and precedent treating lump-sum covenant payments as capital was applied to treat these outlays as creating permanent advantage rather than revenue deducible costs. en-us Wed, 13 Nov 1963 00:00:00 +0530 Tue, 22 Dec 2015 15:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176423 Expenditure on construction of a gallery, shade and internal partitions under a lease was characterised as capital expenditure because the works constituted accretions to the building, were not removable by the lessee, and created an enduring asset for the landlord or subsequent tenant; authorities distinguishing payments for raw materials or short-term rights were held factually distinguishable, and precedent treating lump-sum covenant payments as capital was applied to treat these outlays as creating permanent advantage rather than revenue deducible costs. Case-Laws Income Tax Wed, 13 Nov 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176423