https://www.taxtmi.com/caselaws?id=281708 The Tribunal held that the lease premium paid by the assessee should be treated as capital expenditure, aligning with the principles in the Mukund Ltd. case. Consequently, the Tribunal allowed the revenue's appeal, reversing the CIT(A)'s decision and disallowing the lease premium expenditure claimed by the assessee under Section 37 of the Income Tax Act, 1961. en-us Mon, 30 Apr 2012 00:00:00 +0530 Fri, 21 Apr 2023 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281708 The Tribunal held that the lease premium paid by the assessee should be treated as capital expenditure, aligning with the principles in the Mukund Ltd. case. Consequently, the Tribunal allowed the revenue's appeal, reversing the CIT(A)'s decision and disallowing the lease premium expenditure claimed by the assessee under Section 37 of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281708