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Allow the stamp duty charges of Rs. 68 lakhs paid by the assessee as an expenditure for the current year holding it to be revenue expenditure in nature allowable under s. 37(1) of the Act.

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Sec. 37(1) of Income Tax Act, 1961— Business expenditure— Stamp duty charges paid by the assessee allowed as expenditure for the current year holding it to be revenue in nature- Period of lease for which the property has been taken cannot be regarded as a decisive test to determine the nature of the expenditure- - FISERV INDIA (P) LTD. V/s ASSTT. CIT - [2020] 27 ITCD Online 010 (ITAT-DELHI)