Nature of expenses - repair and maintenance - revenue or capital ...

Income Tax

October 12, 2023

Nature of expenses - repair and maintenance - revenue or capital expenditure - current repair u/s 30 - treatment of expenses incurred on renovation and refurbishment of Hotel - Tribunal was wrongly burdened by the fact that the renovation, refurbishment and repairs were carried out over several years and that the total amount incurred was Rs. 35 crores, which was much more than the cost at which the hotel had been constructed. - Claim allowed as revenue expenditure - HC

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Nature of expenses - repair and maintenance - revenue or capital ...

Income Tax

October 12, 2023

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