https://www.taxtmi.com/caselaws?id=193324 The court unanimously held that the lump-sum payments made by the appellants to secure exclusive rights to sell petrol were capital expenditures and not revenue expenses. Consequently, these payments could not be deducted for income tax purposes. The lease and sub-lease transactions provided better security and contributed to the payments being capital in nature. The appeals were dismissed. en-us Tue, 27 Jul 1965 00:00:00 +0530 Mon, 24 Jul 2017 16:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193324 The court unanimously held that the lump-sum payments made by the appellants to secure exclusive rights to sell petrol were capital expenditures and not revenue expenses. Consequently, these payments could not be deducted for income tax purposes. The lease and sub-lease transactions provided better security and contributed to the payments being capital in nature. The appeals were dismissed. Case-Laws Income Tax Tue, 27 Jul 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193324