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CIT Versus M/s. Bharat Hotels Ltd.

2015 (8) TMI 514 - DELHI HIGH COURT

Expenditure incurred on laying marble flooring - allowable as revenue expenditure/current repairs or capital expenditure - Held that:- In Comfort Living Hotels P. Ltd. v. Commissioner of Income Tax [2014 (3) TMI 585 - DELHI HIGH COURT ] it was held b .....

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n the facts of this case that the ITAT has rightly affirmed the order of the CIT (A) treating the cost of the marble used to replace the flooring as revenue expenditure. The question is, therefore, answered in the affirmative i.e. in favour of the As .....

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r Adv. with Ms Bhavita Kumar, Adv. ORDER 1. This appeal pertains to the Assessment Year (AY) 1996-97. 2. It is not in disputed that barring one question that will be discussed hereafter, the other questions involved in this appeal are identical to th .....

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tion issue that arises in this AY is whether the ITAT was justified in holding that the expenditure of ₹ 28,40,587/- incurred on laying marble flooring is allowable as revenue expenditure/current repairs and not capital expenditure? 4. From the .....

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t the lobby, banquet hall and restaurants in the hotel as those areas were being used heavily and required early replacement. The AO opined that the said expenditure was not for day to day maintenance and categorised it as a capital expenditure. The .....

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