Current repairs - Capital expenditure vs. Revenue expenditure – ...

Marble Floor Replacement Deemed Capital Expenditure, Not Deductible u/s 30 Due to Enduring Benefit.

August 29, 2013

Case Laws Income Tax HC

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

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Current repairs - Capital expenditure vs. Revenue expenditure – ...

Marble Floor Replacement Deemed Capital Expenditure, Not Deductible u/s 30 Due to Enduring Benefit.

August 29, 2013

Case Laws Income Tax HC

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