Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1993 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (8) TMI 57 - BOMBAY HIGH COURTExtract: ......., we are of the clear opinion that the lump sum payment made by the assessee as consideration for grant of the charter has to be treated as a capital outlay. Accordingly, we answer the question in the affirmative, that is, in favour of the Revenue and against the assessee. Under the facts and circumstances of the case, we make no order as to costs.
|