https://www.taxtmi.com/caselaws?id=471171 Proportionate lease premium paid for leasehold land was treated as capital expenditure and therefore disallowed as a revenue deduction, consistently with the position adopted in earlier assessment years. Declarations under Section 158A, accepted by the Assessing Officer, required the eventual High Court decision on the identical question of law to be applied to the relevant assessment years. The disallowance remained confirmed, subject to consequential application of that decision. en-us Thu, 07 Dec 2023 00:00:00 +0530 Mon, 24 Aug 2026 14:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471171 Proportionate lease premium paid for leasehold land was treated as capital expenditure and therefore disallowed as a revenue deduction, consistently with the position adopted in earlier assessment years. Declarations under Section 158A, accepted by the Assessing Officer, required the eventual High Court decision on the identical question of law to be applied to the relevant assessment years. The disallowance remained confirmed, subject to consequential application of that decision. Case-Laws Income Tax Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471171