https://www.taxtmi.com/caselaws?id=22586 The Bombay HC held that the old lease did not create an enforceable obligation to restore the leased land to its original condition during the relevant year. Because that foundational liability was absent, the assessee could not claim estimated restoration charges as revenue expenditure under section 37(1) of the Income-tax Act, 1961. The Court followed its earlier interpretation of the same lease clause and declined to revisit it, and it also declined to answer the second referred question after deciding the first against the assessee. The result was that the restoration cost claim failed. en-us Fri, 12 Oct 1990 00:00:00 +0530 Fri, 11 Dec 2009 12:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22586 The Bombay HC held that the old lease did not create an enforceable obligation to restore the leased land to its original condition during the relevant year. Because that foundational liability was absent, the assessee could not claim estimated restoration charges as revenue expenditure under section 37(1) of the Income-tax Act, 1961. The Court followed its earlier interpretation of the same lease clause and declined to revisit it, and it also declined to answer the second referred question after deciding the first against the assessee. The result was that the restoration cost claim failed. Case-Laws Income Tax Fri, 12 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22586