TMI BlogExpenditure on construction of building in a leasehold premises - in the first Assessment Year...Expenditure on construction of building in a leasehold premises - in the first Assessment Year Expenditure cannot be considered as repair u/s 30(a)(i) as the renovations made are Capital in nature - since expenditure are Capital in nature same will come within the mischief of Explanation 1 to Section 32(1) - deduction as revenue expenses not allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
