Allowability of expenditure towards renovation of rented pre
Last updated: 17 November 2008
Court :
HIGH COURT
Brief :
The cost of repairs incurred by an assessee-tenant in respect of tenanted premises would have to be allowed under section 30(a)(i); the question of disallowing such an expenditure and relegating the assessee to claim depreciation under section 32 does not arise
Citation :
CIT v. Hi Line Pens Pvt. Ltd.
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CA Pawan Goswami
Published in Income Tax
Views : 59
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