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Revenue Expenditure or Capital Expenditure ?

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(Querist)
24 March 2010 Amount paid to vacate plot by the builder and developer is treated as Revenue Expenditure or Capital Expenditure ?
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Anurag Agarwal

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Anurag Agarwal (Expert)
24 March 2010 It is a revenue Expenditure as it is done in the course of their normal buisness activity...Further the legality of the transaction is to be examined.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
25 March 2010 agreed
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Darshan

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Darshan (Querist)
14 April 2010 Thank you for reply. any reference case in this regard ?

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