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2008 (8) TMI 530 - HIMACHAL PRADESH HIGH COURTCapital or Revenue Expenditure- Whether on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law holding that the expenditure incurred on stamp duty and registration charges at the time of execution of lease agreement for taking on lease of the fruit processing plant for seven years, was allowable as revenue expenditure? Held that- in the light of the decision of The Gujarat High Court in Gujarat Machinery’s case, the amount spent on registration and stamp charges at the time of execution of lease agreement was revenue expenditure.
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