https://www.taxtmi.com/caselaws?id=468231 Charges paid to convert land use were treated as revenue expenditure under Section 37 because they were incurred to remove a business restriction and protect continued possession of the plot, not to acquire or create any capital asset. The payment arose from a policy change affecting the assessee's existing business use of the land, and the mere fact that it conferred an operating advantage or was paid in instalments did not make it capital in nature. The conversion charges were therefore deductible, and the additions made on this issue were set aside. en-us Thu, 18 Aug 2022 00:00:00 +0530 Wed, 29 Apr 2026 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468231 Charges paid to convert land use were treated as revenue expenditure under Section 37 because they were incurred to remove a business restriction and protect continued possession of the plot, not to acquire or create any capital asset. The payment arose from a policy change affecting the assessee's existing business use of the land, and the mere fact that it conferred an operating advantage or was paid in instalments did not make it capital in nature. The conversion charges were therefore deductible, and the additions made on this issue were set aside. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468231