https://www.taxtmi.com/caselaws?id=35770 Brokerage or commission paid to secure premises on lease for business use was treated as revenue expenditure where the lease was for a short and definite period and did not create an enduring capital advantage. The court held that such outlay formed part of the cost of obtaining business premises, including factory accommodation and residence for the sales manager, and was therefore not capital in nature. The amount was allowed as a deduction in favour of the assessee. en-us Wed, 08 Apr 1981 00:00:00 +0530 Tue, 16 Mar 2010 15:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35770 Brokerage or commission paid to secure premises on lease for business use was treated as revenue expenditure where the lease was for a short and definite period and did not create an enduring capital advantage. The court held that such outlay formed part of the cost of obtaining business premises, including factory accommodation and residence for the sales manager, and was therefore not capital in nature. The amount was allowed as a deduction in favour of the assessee. Case-Laws Income Tax Wed, 08 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35770