https://www.taxtmi.com/caselaws?id=36201 Payment made by an existing tenant to compromise an eviction suit was treated as revenue expenditure because it was incurred to defend and preserve existing tenancy rights, not to acquire a new asset or enduring advantage. The amount was directed to maintaining the assessee's existing capital asset in the form of tenancy rights, so it was allowable as a deduction in computing business income. en-us Mon, 17 Mar 1980 00:00:00 +0530 Sat, 20 Mar 2010 10:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36201 Payment made by an existing tenant to compromise an eviction suit was treated as revenue expenditure because it was incurred to defend and preserve existing tenancy rights, not to acquire a new asset or enduring advantage. The amount was directed to maintaining the assessee's existing capital asset in the form of tenancy rights, so it was allowable as a deduction in computing business income. Case-Laws Income Tax Mon, 17 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36201