1983 (9) TMI 36 - BOMBAY HIGH COURT - Income Tax

Extract:
.......he record to suggest that the sum of Rs. 62,500 was advance rent or the instalments of the said amount paid by the assessee partook the character of rent or were revenue expenditure. In this view, we answer the question referred to us in the negative and in favour of the Revenue. The assessee will pay the costs of the reference to the Commissioner.