https://www.taxtmi.com/caselaws?id=189010 Expenditure incurred to construct a railway siding and make new salt pans was treated as capital expenditure, not deductible rent, because it created an enduring business advantage and an income-producing asset during the lease term; the deduction was therefore disallowed. Payment made under a compromise decree in favour of a finance creditor was also denied as a business deduction, because the liability was not shown to arise from the assessee's own business operations and lacked the necessary business nexus. The commentary states that all questions were answered against the assessee and in favour of the Revenue. en-us Sat, 22 Mar 1952 00:00:00 +0530 Fri, 23 Dec 2016 16:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189010 Expenditure incurred to construct a railway siding and make new salt pans was treated as capital expenditure, not deductible rent, because it created an enduring business advantage and an income-producing asset during the lease term; the deduction was therefore disallowed. Payment made under a compromise decree in favour of a finance creditor was also denied as a business deduction, because the liability was not shown to arise from the assessee's own business operations and lacked the necessary business nexus. The commentary states that all questions were answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Sat, 22 Mar 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189010