https://www.taxtmi.com/caselaws?id=268794 The Tribunal ruled in favor of the assessee, determining that the expenditure on partitions and structures for the leasehold building should be treated as revenue expenditure. The Tribunal considered the nature of the expenditure, emphasizing that it did not result in the creation of a new asset or alteration of the existing building's structure. Citing previous decisions and High Court rulings, the Tribunal allowed the appeal, concluding that the expenditure qualified as revenue expenditure for repairs, maintenance, interior decorations, and office atmosphere modifications. en-us Wed, 02 Sep 2015 00:00:00 +0530 Wed, 02 Dec 2015 02:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268794 The Tribunal ruled in favor of the assessee, determining that the expenditure on partitions and structures for the leasehold building should be treated as revenue expenditure. The Tribunal considered the nature of the expenditure, emphasizing that it did not result in the creation of a new asset or alteration of the existing building's structure. Citing previous decisions and High Court rulings, the Tribunal allowed the appeal, concluding that the expenditure qualified as revenue expenditure for repairs, maintenance, interior decorations, and office atmosphere modifications. Case-Laws Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268794