https://www.taxtmi.com/highlights?id=29628 Cancellation of the lease and the payments of the consideration - It is clearly a capital asset has come into existence in the hands of the assessee, which is of enduring benefit for the business of the assessee and consequently, the expenditure is liable to be treated as capital expenditure - Depreciation to be allowed - AT en-us Tue, 07 Jun 2016 11:21:59 +0530 Tue, 07 Jun 2016 11:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29628 Cancellation of the lease and the payments of the consideration - It is clearly a capital asset has come into existence in the hands of the assessee, which is of enduring benefit for the business of the assessee and consequently, the expenditure is liable to be treated as capital expenditure - Depreciation to be allowed - AT Highlights Income Tax Tue, 07 Jun 2016 11:21:59 +0530 https://www.taxtmi.com/highlights?id=29628