2018 (7) TMI 2371 - SCH - Income Tax

Nature of expenditure - expenses incurred for repairs refurbishing and making improvements on the buildings taken on lease - revenue v/s capital expenditure - As decided by HC 2017 (12) TMI 1168 - KERALA HIGH COURT revenue expenditure made on leased out buildings has to be allowed as a revenue expenditure and not as a capital expenditure. HELD THAT - Delay condoned. Leave granted. Tag with Civil Appeal 2018 (4) TMI 2013 - SC ORDER

Summary

The Supreme Court of India, with Hon'ble Justices Kurian Joseph and Sanjay Kishan Kaul presiding, granted leave and condoned delay in the matter before it. The order directs the case to be tagged with Civil Appeal No. 6216 of 2016. No respondent appeared. Key procedural rulings include "Delay condoned" and "Leave granted."