https://www.taxtmi.com/caselaws?id=248835 The ITAT allowed the Assessee's appeal, directing the AO to treat building renovation expenses as revenue expenditure under section 37(1) of the Income Tax Act. The judgment emphasized the nature of the expenses, distinguishing between capital expenditure and current repairs, and their impact on the Assessee's income for the relevant assessment year. en-us Fri, 06 Jun 2014 00:00:00 +0530 Thu, 26 Jun 2014 11:04:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248835 The ITAT allowed the Assessee's appeal, directing the AO to treat building renovation expenses as revenue expenditure under section 37(1) of the Income Tax Act. The judgment emphasized the nature of the expenses, distinguishing between capital expenditure and current repairs, and their impact on the Assessee's income for the relevant assessment year. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248835