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.