https://www.taxtmi.com/caselaws?id=19219 The court held that compensation for route permits is capital expenditure, not deductible as revenue expenditure. Depreciation is allowed only on the value of buses, not on route permits. The court answered both issues in favor of the Department, citing precedents that emphasized the enduring nature of the assets acquired. No costs were awarded, and counsel's fee was set at Rs. 1,000. en-us Thu, 22 Dec 1994 00:00:00 +0530 Wed, 04 Nov 2009 16:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19219 The court held that compensation for route permits is capital expenditure, not deductible as revenue expenditure. Depreciation is allowed only on the value of buses, not on route permits. The court answered both issues in favor of the Department, citing precedents that emphasized the enduring nature of the assets acquired. No costs were awarded, and counsel's fee was set at Rs. 1,000. Case-Laws Income Tax Thu, 22 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19219