https://www.taxtmi.com/caselaws?id=36076 Payment made to obtain vacant possession of leased premises was treated as capital expenditure because it secured the extinction of the tenant's possessory rights and gave the assessee an enduring possessory advantage for business use. The fact that the payment removed an obstacle to trading operations did not change its character, as the expenditure was incurred to acquire or secure a valuable capital right rather than to meet routine business . It was therefore not allowable as revenue expenditure. en-us Wed, 16 Apr 1980 00:00:00 +0530 Fri, 19 Mar 2010 12:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36076 Payment made to obtain vacant possession of leased premises was treated as capital expenditure because it secured the extinction of the tenant's possessory rights and gave the assessee an enduring possessory advantage for business use. The fact that the payment removed an obstacle to trading operations did not change its character, as the expenditure was incurred to acquire or secure a valuable capital right rather than to meet routine business . It was therefore not allowable as revenue expenditure. Case-Laws Income Tax Wed, 16 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36076