https://www.taxtmi.com/caselaws?id=259698 The tribunal ruled in favor of the appellant, a hotel company, in a tax dispute over the classification of expenditure on hotel renovations as capital or revenue. The tribunal held that the expenditure aimed at retaining and attracting customers, constituting a business necessity and falling within the revenue field. It concluded that the renovation expenditure was revenue in nature, directing the Assessing Officer to treat the disputed amount as revenue expenditure under the Income-tax Act. The appellant's appeal was allowed, and the decision was issued on 10th April 2015. en-us Fri, 10 Apr 2015 00:00:00 +0530 Tue, 19 May 2015 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259698 The tribunal ruled in favor of the appellant, a hotel company, in a tax dispute over the classification of expenditure on hotel renovations as capital or revenue. The tribunal held that the expenditure aimed at retaining and attracting customers, constituting a business necessity and falling within the revenue field. It concluded that the renovation expenditure was revenue in nature, directing the Assessing Officer to treat the disputed amount as revenue expenditure under the Income-tax Act. The appellant's appeal was allowed, and the decision was issued on 10th April 2015. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259698