https://www.taxtmi.com/caselaws?id=204270 The Tribunal concluded that the expenditure incurred for renovating the leased cinema theatre should be treated as revenue expenditure. It held that the expenditure was necessary for effective business operations and did not result in any enduring benefit. The Tribunal dismissed the Revenue's appeals and confirmed the CIT(A)'s order allowing the expenditure as revenue expenditure, based on legislative provisions and judicial precedents. en-us Wed, 30 Jun 2010 00:00:00 +0530 Thu, 09 Aug 2012 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204270 The Tribunal concluded that the expenditure incurred for renovating the leased cinema theatre should be treated as revenue expenditure. It held that the expenditure was necessary for effective business operations and did not result in any enduring benefit. The Tribunal dismissed the Revenue's appeals and confirmed the CIT(A)'s order allowing the expenditure as revenue expenditure, based on legislative provisions and judicial precedents. Case-Laws Income Tax Wed, 30 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204270