https://www.taxtmi.com/caselaws?id=19316 Development charges paid to secure and complete development of leasehold industrial land were held to be capital expenditure because they formed part of the lease arrangement and related to the development of the land itself. The expenditure was treated as the cost of creating an enduring advantage in making the industrial plot available for lease, rather than a recurring or maintenance outlay. en-us Thu, 21 Jul 1994 00:00:00 +0530 Thu, 05 Nov 2009 13:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19316 Development charges paid to secure and complete development of leasehold industrial land were held to be capital expenditure because they formed part of the lease arrangement and related to the development of the land itself. The expenditure was treated as the cost of creating an enduring advantage in making the industrial plot available for lease, rather than a recurring or maintenance outlay. Case-Laws Income Tax Thu, 21 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19316