https://www.taxtmi.com/caselaws?id=49288 The court held that the yearly payment of Rs. 96,000 by the assessee should be treated as revenue expenditure, not capital expenditure. The payment, related to royalty or dead-rent under a mining lease, was directly linked to the raw material extracted and thus considered a revenue deduction. The court distinguished this case from others where payments were not tied to the material extracted. Consequently, the appeals were allowed in favor of the assessee, with costs awarded. en-us Mon, 15 Nov 1965 00:00:00 +0530 Fri, 27 Feb 2015 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49288 The court held that the yearly payment of Rs. 96,000 by the assessee should be treated as revenue expenditure, not capital expenditure. The payment, related to royalty or dead-rent under a mining lease, was directly linked to the raw material extracted and thus considered a revenue deduction. The court distinguished this case from others where payments were not tied to the material extracted. Consequently, the appeals were allowed in favor of the assessee, with costs awarded. Case-Laws Income Tax Mon, 15 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49288