https://www.taxtmi.com/caselaws?id=57733 The Tribunal held that the expenditure of Rs. 64,000 paid by the assessee for obtaining the tenancy of shops was of capital nature, constituting capital expenditure. The Tribunal ruled that the payment was akin to a premium for obtaining the lease, based on established legal principles and precedents. As the expenditure was deemed capital in nature, it was not deductible in the computation of taxable income. Therefore, the Tribunal upheld the Department's decision, dismissing the appeal of the assessee. en-us Mon, 30 Sep 1991 00:00:00 +0530 Mon, 13 Dec 2010 11:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57733 The Tribunal held that the expenditure of Rs. 64,000 paid by the assessee for obtaining the tenancy of shops was of capital nature, constituting capital expenditure. The Tribunal ruled that the payment was akin to a premium for obtaining the lease, based on established legal principles and precedents. As the expenditure was deemed capital in nature, it was not deductible in the computation of taxable income. Therefore, the Tribunal upheld the Department's decision, dismissing the appeal of the assessee. Case-Laws Income Tax Mon, 30 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57733