https://www.taxtmi.com/caselaws?id=270914 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals), concluding that the expenditure incurred by the assessee on leasehold land was capital in nature. The appeals were dismissed based on the enduring benefit derived from the expenditure and the applicability of Explanation 1 to Section 32(1) of the Income Tax Act, 1961. en-us Thu, 29 Oct 2015 00:00:00 +0530 Wed, 20 Jan 2016 05:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270914 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals), concluding that the expenditure incurred by the assessee on leasehold land was capital in nature. The appeals were dismissed based on the enduring benefit derived from the expenditure and the applicability of Explanation 1 to Section 32(1) of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270914