https://www.taxtmi.com/caselaws?id=465793 The HC held that the appeal raised a substantial question of law on the characterization of a lease premium paid to a statutory development authority, namely whether such premium constitutes revenue expenditure deductible under the Income-tax Act or capital outlay, and if revenue, whether a proportionate amount is allowable as deduction in the relevant assessment year. On that basis, the HC admitted the appeal for consideration on the framed question and directed that it be heard along with a connected income-tax appeal. en-us Mon, 18 Mar 2013 00:00:00 +0530 Fri, 09 Jan 2026 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465793 The HC held that the appeal raised a substantial question of law on the characterization of a lease premium paid to a statutory development authority, namely whether such premium constitutes revenue expenditure deductible under the Income-tax Act or capital outlay, and if revenue, whether a proportionate amount is allowable as deduction in the relevant assessment year. On that basis, the HC admitted the appeal for consideration on the framed question and directed that it be heard along with a connected income-tax appeal. Case-Laws Income Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465793