agreement the lessee was prevented from making any
additional alterations or structural changes of any kind whatsoever in such
building. It is therefore clear that ... even before the building was let out on
lease, the structural changes were made to make it suitable for running a
hostel. As we held
Tribunal recorded % finding that the assessee must have made some structural changes in the shop and held that the expenditure was allowable neither
bank, the assessee therein constructed a mazzanine floor and made other structural changes. In those circumstances the Tribunal held that the expenditure was capital
adjusted against the said notional benefit. Subsequently, due to the change in the duty structure of the items being imported by the assessee, the benefit ... adjusted whenever raw material was imported. Subsequently, on account of change in the duty structure, it became more prudent to obtain the raw material locally
affect the enforceability of contracts entered
into by it before its change in structure. The undersigned find force in the
argument of the appellant ... logical that when an
agreement is revised due to a change in the structure of an entity, the original
contract can be amended to reflect
shares was not capital expenditure as there was neither
permanent change in capital structure of the company nor benefit of
enduring nature was received ... case of buyback of Shares however there is no
permanent change in the capital structure of the company. The
company buys back its outstanding stock
Knb Investments (P) Itd. vs Asstt. Cit on 29 May, 2000
Equivalent citations: (2004)89TTJ
Knb Investments (P) Ltd. vs Asstt. Cit on 29 May, 2000
Equivalent citations: [2001]79ITD238
enlargement of the permanent structure of which income would be a produce or fruit, he observed, there would be a change in the character ... profit making structures and not by simply operating the existing structure efficiently for longer working hours. Any change in the profit-making structure
from time to time.
5. All the prices and discount structures are subject to change without notice and those that are communicated from time
