https://www.taxtmi.com/caselaws?id=427094 The High Court disposed of the appeal, upholding the rejection of the claim for amortization of lease premium as Revenue Expenditure. The court considered the terms of the lease deed with various Authorities and compared it to a similar case where the expenditure was deemed capital. The decision was influenced by a Coordinate Bench ruling in a related case, pending the Supreme Court's judgment on the challenged case. en-us Thu, 18 Aug 2022 00:00:00 +0530 Wed, 31 Aug 2022 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427094 The High Court disposed of the appeal, upholding the rejection of the claim for amortization of lease premium as Revenue Expenditure. The court considered the terms of the lease deed with various Authorities and compared it to a similar case where the expenditure was deemed capital. The decision was influenced by a Coordinate Bench ruling in a related case, pending the Supreme Court's judgment on the challenged case. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427094