Quiz for the week (23 Feb 2026) :
Dinesh (P) Ltd was operating in a factory premises nearer to the town. In order to facilitate expansion, it entered in to a 99-year lease with the State government for allotment of 10 acres of land in an upcoming industrial estate. It paid Rs.2 crore as deposit and Rs.10 crore towards development charges towards roads, drainage, lighting and other infrastructure facilities for having better accessibility to the factory premises. Is it valid to claim the entire amount as revenue expenditure?
Share your thoughts on the above on or before 2nd March, 2026