Assessee (tenant) incurred expenditure on renovation of ...

Tenant's Renovation Expenses Partly Capitalized: 75% Capital, 25% Revenue, No Rent Reduction Received.

July 2, 2016

Case Laws Income Tax HC

Assessee (tenant) incurred expenditure on renovation of premises, however assessee did not get any benefit of lower rent, therefore the entire expenditure cannot be allowed as revenue. - 75% of the expenditure is to be treated as capital and 25% as revenue

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Assessee (tenant) incurred expenditure on renovation of ...

Tenant's Renovation Expenses Partly Capitalized: 75% Capital, 25% Revenue, No Rent Reduction Received.

July 2, 2016

Case Laws Income Tax HC

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