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2018 (7) TMI 2224 - AT - Income TaxNature of expenditure - expenditure incurred on the lease premises - revenue expenditure or capital expenditure - HELD THAT:- CIT(Appeals) by placing reliance on the order of this Tribunal in the assessee's own case and judgment of Kerala High Court in Joyallukas India Pvt. Ltd. [2014 (6) TMI 80 - KERALA HIGH COURT] and in CIT v. HI Line Pens Pvt. Ltd. [2008 (9) TMI 25 - HIGH COURT DELHI] found that the expenditure incurred by the assessee towards renovation of rental premises is not acquisition of capital asset but for the purpose of business of the assessee, therefore, it has to be allowed as revenue expenditure. Since the CIT(Appeals) has followed the order of this Tribunal, judgments of Kerala High Court and Delhi High Court and decided the issue accordingly, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. - Decided in favour of assessee.
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