https://www.taxtmi.com/caselaws?id=39302 Betterment charges paid under section 66 of the Bombay Town Planning Act, 1954 were held to be capital expenditure because the levy was linked to the enhanced market value and enduring benefit arising from the final town planning scheme, not to the conduct of business or earning of profits. The recovery machinery under section 76 did not alter the true character of the payment. The charges were therefore not deductible under section 37 of the Income-tax Act, 1961. en-us Mon, 10 Nov 1975 00:00:00 +0530 Wed, 11 Mar 2015 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39302 Betterment charges paid under section 66 of the Bombay Town Planning Act, 1954 were held to be capital expenditure because the levy was linked to the enhanced market value and enduring benefit arising from the final town planning scheme, not to the conduct of business or earning of profits. The recovery machinery under section 76 did not alter the true character of the payment. The charges were therefore not deductible under section 37 of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 10 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39302