Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (5) TMI 485 - DELHI HIGH COURTNature of expenditure - capital expenditure or revenue expenditure? - Disallowance of expenditure incurred by the assessee for providing wooden partition, painting, glass work and other petty repairs in the leased premises - HELD THAT:- The amount spent on providing wooden partition, painting of leased premises, carrying out repairs so as to make the premises workable, to replace glasses etc. has to be considered as revenue expenditure. It is for the businessman to see as to in what manner the leased premises is to be maintained and what are the necessary repairs which are required to be done - all such expenditures which were incurred on painting, polishing of the floor providing wooden panelling etc. is revenue expenditure and the nature of repairs is not of an enduring character so as to characterise as capital expenditure. Appeal dismissed.
|