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2014 (3) TMI 1006 - AT - Income TaxDisallowance of expenses on account of renovation/interior decoration expenses incurred at the leased office premises - CIT(A) confirmed the addition treating the same to be capital in nature, invoking Explanation 1 to section 32 (1) of the Act except the stationery, security, telecom, statutory and miscellaneous expenses - Held that:- Where the assessee has failed to produce the bills to prove its stand and in line with our observations in paras herein above, we direct the Assessing Officer to allow 70% of the expenditure in the hands of the assessee and the balance is to be treated as capital expenditure. - Decided partly in favour of assessee
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