TMI BlogCurrent repairs - Capital expenditure vs. Revenue expenditure – Replacement of entire marble floor was...Current repairs - Capital expenditure vs. Revenue expenditure – Replacement of entire marble floor was done – Allowable expenditure u/s 30 - A new asset of enduring benefit in form of completely new flooring of marble, different and distinct from the earlier flooring, has come into existence – deduction not allowed - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
