https://www.taxtmi.com/caselaws?id=472176 Disallowance of expenditure relating to exempt income does not arise where no exempt income is earned in the relevant assessment year; revenue circulars do not alter that settled position. Compensation paid to secure an occupant's vacation of premises and obtain limited leave-and-licence use is revenue expenditure where it enables only temporary use and creates no enduring capital advantage. Both principles support the assessee's treatment of the expenditure. en-us Wed, 28 Jan 2026 00:00:00 +0530 Thu, 01 Oct 2026 12:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472176 Disallowance of expenditure relating to exempt income does not arise where no exempt income is earned in the relevant assessment year; revenue circulars do not alter that settled position. Compensation paid to secure an occupant's vacation of premises and obtain limited leave-and-licence use is revenue expenditure where it enables only temporary use and creates no enduring capital advantage. Both principles support the assessee's treatment of the expenditure. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472176