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2015 (10) TMI 464 - ITAT DELHIDisallowance of expenses on ‘Renovation/ Up gradation of property’ - Held that:- There is force in the submissions made by ld. Counsel for the assessee, considering the nature of assessee’s business, as also the period between the incurring of expenditure and the inquiries made by ld. CIT(A). However, at the same time in the absence of concrete evidence, it cannot be held that entire expenditure has to be allowed. We, therefore, restrict the disallowance to 5% of the total expenditure claimed by the assessee. - Decided in favour of assessee in part.
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