https://www.taxtmi.com/caselaws?id=19769 The High Court held that expenses related to a lease deed of property were revenue expenditure, not capital expenditure. The Court emphasized that the expenses were incurred for earning rent and were part of the profit-earning process, distinguishing them from capital expenses. It rejected the Tribunal's view that the expenses provided enduring advantages, stating that they were for generating income from the property. Ruling in favor of the assessee, the Court declared that stamp, registration, and other expenses of the lease deed were revenue expenditure, disposing of the reference in favor of the assessee. en-us Thu, 24 Feb 1994 00:00:00 +0530 Mon, 09 Nov 2009 14:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19769 The High Court held that expenses related to a lease deed of property were revenue expenditure, not capital expenditure. The Court emphasized that the expenses were incurred for earning rent and were part of the profit-earning process, distinguishing them from capital expenses. It rejected the Tribunal's view that the expenses provided enduring advantages, stating that they were for generating income from the property. Ruling in favor of the assessee, the Court declared that stamp, registration, and other expenses of the lease deed were revenue expenditure, disposing of the reference in favor of the assessee. Case-Laws Income Tax Thu, 24 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19769