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2023 (10) TMI 518 - DELHI HIGH COURTNature of expenses - renovation and repair expenses incurred on account of improvisation and better conduct of the existing business - whether not the revenue expenditure admissible u/s 37? - treatment of expenses incurred on renovation and refurbishment of Hotel - HELD THAT:- Having regard to the judgment rendered in [2023 (10) TMI 467 - DELHI HIGH COURT] the instant appeal is disposed of with the following directions, as the view taken in the said appeal will apply mutatis mutandis to the instant case as well: Appellant/assessee will be entitled to claim the deduction, as, in our opinion, it is in the nature of revenue expenditure as incurred on renovation, refurbishment and repairs.
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