https://www.taxtmi.com/caselaws?id=245017 The Karnataka High Court ruled in favor of the assessee in a case concerning the interpretation of revenue vs. capital expenditure for a payment made for the right to use a central courtyard, determining it as a revenue expenditure. However, the court sided with the Revenue in the computation of deduction under Section 80IA for specific types of income, following previous Supreme Court judgments. The court also ruled in favor of the Revenue regarding the allowance of deduction under Section 80HHD, but postponed any consequential order pending the outcome of a related Supreme Court case. en-us Fri, 31 Jan 2014 00:00:00 +0530 Fri, 06 Jun 2014 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245017 The Karnataka High Court ruled in favor of the assessee in a case concerning the interpretation of revenue vs. capital expenditure for a payment made for the right to use a central courtyard, determining it as a revenue expenditure. However, the court sided with the Revenue in the computation of deduction under Section 80IA for specific types of income, following previous Supreme Court judgments. The court also ruled in favor of the Revenue regarding the allowance of deduction under Section 80HHD, but postponed any consequential order pending the outcome of a related Supreme Court case. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245017