Repair & Renovation expenses cannot be treated as capital expenditure even if the benefit is enduring in nature
Last updated: 09 October 2021
Court :
ITAT Mumbai
Brief :
Aforesaid appeal by assessee for Assessment Year (AY) 2016-17 arises out of the order learned Commissioner of Income-Tax (Appeals)-49, Mumbai [CIT(A)], dated 24/01/2020 in the matter of assessment framed by Ld. Assessing Officer (AO) u/s 143(3) r.w.s. 147 on 28/12/2018.
Citation :
I.T.A. No. 1704/Mum/2020
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Poojitha Raam Vinay 
Published in Income Tax
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