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2014 (4) TMI 396 - ITAT MUMBAIDisallowance of expenses on repairs of building – Expenses debited to other operating expenses – Held that:- M/s Inga Laboratories Pvt. Ltd. Versus Dy. Commissioner of Income Tax 8(2), Mumbai [2013 (8) TMI 751 - ITAT MUMBAI] followed - the expenditure incurred by the assessee in relation to the premises for complete renovation to suit the requirements of licencee is a capital expenditure and the assessee is entitled to depreciation - Explanation to section 32(1) of the Act also stipulates that all the expenditures incurred by the assessee in relation to lease premises for renovation or extension or improvement is entitled to depreciation as is shown by the assesse - the assessee had incurred additional expenditure of Rs. 24.08 lacs during the year in addition to the expenditure amounting to Rs. 59 lacs, incurred last year - Expenditure of both the AYs prove that same was not of revenue nature – thus, the order of the FAA does not suffer from any legal infirmity – Decided against Assessee.
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