Capital or Revenue Expenditure ::
Last updated: 19 September 2007
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.
CA.Saibaburao Nanduri
Published in Income Tax
Views : 52
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
