Revenue expenditure or capital expenditure - mere increase in ...

Balcony Addition Doesn't Create New Asset: Classified as Revenue Expenditure, Not Capital Expenditure.

May 19, 2015

Case Laws Income Tax AT

Revenue expenditure or capital expenditure - mere increase in the room size due to inclusion of balcony area would not result in creation of any new asset or increased profit yielding capacity so as to render the expenditure capital in nature. - AT

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Revenue expenditure or capital expenditure - mere increase in ...

Balcony Addition Doesn't Create New Asset: Classified as Revenue Expenditure, Not Capital Expenditure.

May 19, 2015

Case Laws Income Tax AT

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