https://www.taxtmi.com/caselaws?id=176425 The court upheld the concurrent findings of the revenue authorities that the appellant's expenditure on repair and maintenance of a leased building was capital in nature. The expenditure led to the creation of new assets and advantages, not merely preservation and maintenance of existing assets. The court found no error in the decisions of the Assessing Officer, CIT (Appeals), and ITAT, dismissing the appeal and ruling against the appellant on all questions of law. en-us Tue, 17 Sep 2013 00:00:00 +0530 Tue, 15 Nov 2016 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176425 The court upheld the concurrent findings of the revenue authorities that the appellant's expenditure on repair and maintenance of a leased building was capital in nature. The expenditure led to the creation of new assets and advantages, not merely preservation and maintenance of existing assets. The court found no error in the decisions of the Assessing Officer, CIT (Appeals), and ITAT, dismissing the appeal and ruling against the appellant on all questions of law. Case-Laws Income Tax Tue, 17 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176425