Home Case Index All Cases Income Tax Income Tax + SCH Income Tax - 2006 (12) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (12) TMI 138 - SCH - Income TaxCapital Or Revenue Expenditure - whether the proportionate lease rent paid by the mining lessee for acquiring leasehold right for extracting minerals from mineral bearing land would be a capital expenditure or a revenue expenditure - Held that:- distinction lies between a case where royalty or rent is being paid on the one hand and where the entire amount of lease is paid either at a time or in instalments. Whereas in the former case it would be a revenue expenditure in the latter it would be a capital expenditure. In this view of the matter, we are of the opinion that this is not a case where the High Court could have interfered with the order of the Tribunal - Decided against assessee.
|