https://www.taxtmi.com/caselaws?id=427109 Stamp duty and registration charges incurred for a long-term lease deed may be treated as revenue expenditure where they are directly attributable to securing premises on monthly rent. The lease term of 29 years and 11 months, and the fact that registration was required because the lease exceeded one year, supported the view that the outlay was incidental to the leasing arrangement rather than capital in nature. On that reasoning, the expenditure was held allowable as revenue expenditure and the assessee succeeded on the issue. en-us Tue, 02 Aug 2022 00:00:00 +0530 Thu, 01 Sep 2022 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427109 Stamp duty and registration charges incurred for a long-term lease deed may be treated as revenue expenditure where they are directly attributable to securing premises on monthly rent. The lease term of 29 years and 11 months, and the fact that registration was required because the lease exceeded one year, supported the view that the outlay was incidental to the leasing arrangement rather than capital in nature. On that reasoning, the expenditure was held allowable as revenue expenditure and the assessee succeeded on the issue. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427109