https://www.taxtmi.com/caselaws?id=24061 The High Court ruled against the Revenue, holding that the addition of Rs. 5,75,154 as deemed dividend for the assessment year 1971-72 was unsustainable based on settled law. The Court also determined that a payment of Rs. 11,00,000 for a sub-lease represented capital expenditure, contrary to the assessee's position. Each party was ordered to bear its own costs, with Justice B. L. Jain concurring with Justice S. C. Sen's judgment on the case's issues. en-us Tue, 13 Dec 1988 00:00:00 +0530 Sat, 16 Jan 2010 13:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24061 The High Court ruled against the Revenue, holding that the addition of Rs. 5,75,154 as deemed dividend for the assessment year 1971-72 was unsustainable based on settled law. The Court also determined that a payment of Rs. 11,00,000 for a sub-lease represented capital expenditure, contrary to the assessee's position. Each party was ordered to bear its own costs, with Justice B. L. Jain concurring with Justice S. C. Sen's judgment on the case's issues. Case-Laws Income Tax Tue, 13 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24061