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Bus Shelter Contract Breach: Assessee Fails to Pay Rs. 4.09 Crores Monthly Concessionaire Fee, Revenue Expenditure Noted.
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....Nature of expenditure - there was failure on the part of respondent-assessee to perform its part of the agreement including operation and maintenance of bus shelters and pay concessionaire fee of ₹ 4.09 crores per month. Any expenditure or payment of the said nature would necessarily be revenue in character.....
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TaxTMI