https://www.taxtmi.com/caselaws?id=248838 The ITAT partially allowed the Revenue's appeal regarding the short term capital loss on the motor car, reducing the claim amount. However, the decisions of the CIT(A) were upheld in favor of the assessee for the shop renovation expenditure and computer software maintenance expenses, ruling them as revenue expenditures rather than capital in nature. en-us Fri, 06 Jun 2014 00:00:00 +0530 Tue, 17 Mar 2015 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248838 The ITAT partially allowed the Revenue's appeal regarding the short term capital loss on the motor car, reducing the claim amount. However, the decisions of the CIT(A) were upheld in favor of the assessee for the shop renovation expenditure and computer software maintenance expenses, ruling them as revenue expenditures rather than capital in nature. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248838