https://www.taxtmi.com/highlights?id=42053 Nature of expenditure - there was failure on the part of respondent-assessee to perform its part of the agreement including operation and maintenance of bus shelters and pay concessionaire fee of ₹ 4.09 crores per month. Any expenditure or payment of the said nature would necessarily be revenue in character. en-us Mon, 15 Oct 2018 14:15:23 +0530 Mon, 15 Oct 2018 14:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=42053 Nature of expenditure - there was failure on the part of respondent-assessee to perform its part of the agreement including operation and maintenance of bus shelters and pay concessionaire fee of ₹ 4.09 crores per month. Any expenditure or payment of the said nature would necessarily be revenue in character. Highlights Income Tax Mon, 15 Oct 2018 14:15:23 +0530 https://www.taxtmi.com/highlights?id=42053