https://www.taxtmi.com/caselaws?id=269761 The Court affirmed the Tribunal's decision to bifurcate renovation expenses into 70% revenue and 30% capital expenditure. The Court found the Tribunal's categorization reasonable, noting the lack of complete details from the assessee and the enduring nature of certain items. The Court dismissed the appeal, stating that no substantial question of law arose and highlighting that the case's treatment as revenue or capital was the main issue, which was now revenue neutral due to the passage of time and stable tax rates. en-us Wed, 02 Sep 2015 00:00:00 +0530 Wed, 04 May 2016 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269761 The Court affirmed the Tribunal's decision to bifurcate renovation expenses into 70% revenue and 30% capital expenditure. The Court found the Tribunal's categorization reasonable, noting the lack of complete details from the assessee and the enduring nature of certain items. The Court dismissed the appeal, stating that no substantial question of law arose and highlighting that the case's treatment as revenue or capital was the main issue, which was now revenue neutral due to the passage of time and stable tax rates. Case-Laws Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269761