https://www.taxtmi.com/caselaws?id=57565 Registration fees paid for executing a new lease deed were treated as capital expenditure because the deed extended the lease term and conferred a long-term advantage in the nature of an enlarged interest in property. The benefit was not confined to the relevant accounting year and created an enduring benefit for the assessee. On that basis, the expenditure was not allowable as revenue in nature, and the disallowance was upheld. en-us Thu, 22 Feb 2001 00:00:00 +0530 Fri, 10 Dec 2010 18:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57565 Registration fees paid for executing a new lease deed were treated as capital expenditure because the deed extended the lease term and conferred a long-term advantage in the nature of an enlarged interest in property. The benefit was not confined to the relevant accounting year and created an enduring benefit for the assessee. On that basis, the expenditure was not allowable as revenue in nature, and the disallowance was upheld. Case-Laws Income Tax Thu, 22 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57565