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1999 (12) TMI 136 - ITAT PUNE
Extract:
....... to the lessor. 10. In view of the above discussions, it is held that, expenditure incurred by the assessee was on account of renovation of the leasehold property was in the capital field and therefore, cannot be considered as revenue expenditure. The order of the CIT(A) is accordingly upheld. 11. In the result, appeal of the assessee is dismissed.