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Quiry suggestion on capitalisation of an expenses......

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 July 2012 Sir I would like to ask you, that my client has incurred huge amount for renovation of rented premises...Whether it should be charged to Repairs and Maintainance or it should be capitalised ???
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 July 2012 Revenue expenditure.
Citation :- CIT Vs Escorts Finance Ltd (2006) 155 Taxman 559.
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