https://www.taxtmi.com/caselaws?id=12844 Annual lease payment made in lieu of transfer of assets was treated as consideration linked to the transfer and not as capital expenditure. The record showed payment of goodwill and no amount apart from the annual lease money for the asset transfer; on those facts, the Tribunal's view that the payment was not a capital outlay was held to be a possible view and not contrary to law. The question was answered against the Revenue and in favour of the assessee. en-us Wed, 02 Jan 2002 00:00:00 +0530 Fri, 22 May 2009 15:04:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12844 Annual lease payment made in lieu of transfer of assets was treated as consideration linked to the transfer and not as capital expenditure. The record showed payment of goodwill and no amount apart from the annual lease money for the asset transfer; on those facts, the Tribunal's view that the payment was not a capital outlay was held to be a possible view and not contrary to law. The question was answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Wed, 02 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12844