https://www.taxtmi.com/caselaws?id=19546 The Tribunal ruled in favor of the Revenue, determining that the development charges paid to RIICO were of a capital nature. The charges were related to a capital asset, the land allotted by RIICO, providing enduring benefit to the assessee for establishing a unit on the land. As the charges were not for running business operations but for enhancing the land's workability, they were considered capital expenditure. The Tribunal referred to established principles and previous decisions supporting the treatment of such expenditure as capital. No costs were awarded in the matter. en-us Wed, 14 Oct 1992 00:00:00 +0530 Sat, 07 Nov 2009 10:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19546 The Tribunal ruled in favor of the Revenue, determining that the development charges paid to RIICO were of a capital nature. The charges were related to a capital asset, the land allotted by RIICO, providing enduring benefit to the assessee for establishing a unit on the land. As the charges were not for running business operations but for enhancing the land's workability, they were considered capital expenditure. The Tribunal referred to established principles and previous decisions supporting the treatment of such expenditure as capital. No costs were awarded in the matter. Case-Laws Income Tax Wed, 14 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19546