The Kerala High Court has held that the expenditure that was incurred by the appellant/assessee by way of addition to buildings and electrical fittings on leasehold premises was in the nature of capital expenditure and not revenue expenditure.The bench of Justice Dr. A.K. According to the Assessing Authority and the First Appellate Authority, the expenditure that was incurred by the …
The Pune Bench of the Income Tax Appellate Tribunal has observed that lease rent paid for acquiring mining rights is capital in nature and income tax deductions cannot be allowed.The two-member bench of Partha Sarthi Choudhary and Inturi Rama Rao disallowed the amount of Rs. The Pune Bench of the Income Tax Appellate Tribunal has observed that lease rent paid …