https://www.taxtmi.com/caselaws?id=7581 Payment made to obtain new business premises, where it was not shown to secure any enduring advantage or fixed-term lease, was treated as revenue expenditure. The amount was incurred to enable the business to continue after the earlier branch had to be vacated under rent control proceedings, so it was connected with the carrying on of business rather than the creation of a capital asset. It was therefore deductible in computing business income. en-us Tue, 25 Feb 1969 00:00:00 +0530 Mon, 02 Mar 2009 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7581 Payment made to obtain new business premises, where it was not shown to secure any enduring advantage or fixed-term lease, was treated as revenue expenditure. The amount was incurred to enable the business to continue after the earlier branch had to be vacated under rent control proceedings, so it was connected with the carrying on of business rather than the creation of a capital asset. It was therefore deductible in computing business income. Case-Laws Income Tax Tue, 25 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7581