Characterization of expenditure - expenditure incurred by way of ...

Stadium Renovation Costs Classified as Revenue Expenditure; Upgrading Existing Facilities, Not Creating New Assets or Enduring Benefits.

July 30, 2019

Case Laws Income Tax HC

Characterization of expenditure - expenditure incurred by way of renovation and Interior work of Stadium - assessee did not create a new asset or create a source of enduring benefit - Essentially, the expenditure was for upgradation of the existing facilities - allowed as revenue expenditure.

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Characterization of expenditure - expenditure incurred by way of ...

Stadium Renovation Costs Classified as Revenue Expenditure; Upgrading Existing Facilities, Not Creating New Assets or Enduring Benefits.

July 30, 2019

Case Laws Income Tax HC

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