TMI BlogNature of expenditure - Lease hold improvement expenditure - expenses incurred on design and technical...Nature of expenditure - Lease hold improvement expenditure - expenses incurred on design and technical consultancy towards improving the exisiting product in the same line of business - Revenue or capital expenditure - As such, it cannot be held as expenditure incurred in the ordinary course of carrying day to day business of assessee. On the other hand, it is for deriving enduring benefit in the long run business plan. - Being so, we hold that the expenditure is in the capital field and to be c..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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