Capital or Revenue Expenditure ::

Court :
HC

Brief :
Held by the Hon`ble Court that, it was an admitted fact by the assessee that structural changes had been made therefore it is capital expenditure in nature.

Citation :
Bigjos India Ltd. Vs. C.I.T.

Capital or Revenue Expenditure Bigjos India Ltd. Vs. C.I.T. 03/28/2007 [2007] 293 ITR 170 (Delhi) Case Fact: Whether, where assessee was a licensee in the showroom and made a huge expenditure on renovation of showroom for the purpose of facilitating the carrying on of its business, is revenue expenditure in nature? Decision: Held by the Hon`ble Court that, it was an admitted fact by the assessee that structural changes had been made therefore it is capital expenditure in nature.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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