1987 (3) TMI 66

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....o this court at the instance of the Revenue under section 256(1) of the Income-tax Act, 1961, is: " Whether, on the facts and in the circumstances of the case and having regard to the period of lease and the provisions as to the renewal thereof, the Appellate Tribunal was right in holding that the assessee did not acquire any capital asset or advantage or benefit of an enduring nature by incurr....

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.... lease agreement are allowable as deductions. He, however, contended that in the present case the details of expenditure are not available and what is mentioned in the statement of case is that the sum of Rs. 39,590 has been spent on obtaining lease of the premises. Such an expenditure, according to him, is not covered by the decision and requires consideration. Mr. Dastur, learned counsel for the....