2006 (12) TMI 138

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ure - 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 i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. The High Court was thus right to dismiss the appeal of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X