https://www.taxtmi.com/caselaws?id=59829 The Tribunal upheld the dead rent as capital expenditure, rejecting the assessee's argument for revenue treatment. The exemption claim under Section 11 was denied due to the company's profit-making objective. However, depreciation on forest roads was allowed as depreciable buildings per the Calcutta HC precedent. The Tribunal affirmed the Commissioner's decision on dead rent, denied the exemption under Section 11, and partially granted depreciation on forest roads in favor of the assessee. en-us Tue, 23 Feb 1982 00:00:00 +0530 Sat, 01 Jan 2011 13:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59829 The Tribunal upheld the dead rent as capital expenditure, rejecting the assessee's argument for revenue treatment. The exemption claim under Section 11 was denied due to the company's profit-making objective. However, depreciation on forest roads was allowed as depreciable buildings per the Calcutta HC precedent. The Tribunal affirmed the Commissioner's decision on dead rent, denied the exemption under Section 11, and partially granted depreciation on forest roads in favor of the assessee. Case-Laws Income Tax Tue, 23 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59829