Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
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Characterization of expenditure - expenditure incurred by way of renovation and Interior work of Stadium - assessee did not create a new asset or create a source of enduring benefit - Essentially, the expenditure was for upgradation of the existing facilities - allowed as revenue expenditure.
Characterization of expenditure - expenditure incurred by way of renovation and Interior work of Stadium - assessee did not create a new asset or create a source of enduring benefit - Essentially, the expenditure was for upgradation of the existing facilities - allowed as revenue expenditure.
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