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2013 (2) TMI 450 - MADRAS HIGH COURTRepairs and renovation expenses - Revenue or Capital Expenditure - Whether the repairs and renovation expenses incurred on the leased business premises is capital expenditure or revenue expenditure – Assessee is in the occupation of the leased premises – Assessee carried on renovation work by providing false ceiling and furniture modification - Held that:- Temporary structure by means of false ceiling and office renovation had not resulted in any capital expenditure – As decided in CIT v. Madras Auto Service P. Ltd. [1998] 233 ITR 468 (SC) expenditure incurred in respect of the maintenance of the leased premises was deductible as revenue expenditure – In favour of assessee.
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