https://www.taxtmi.com/caselaws?id=178889 Expenditure incurred on fitting thin plywood wooden panels in leased cinema premises to conceal cracks, improve appearance and keep the business area presentable was held to be revenue expenditure. Because the premises were taken on a short lease, the panels were removable on termination and had negligible scrap value, the work did not create a durable asset or an enduring advantage. The spending was treated as maintenance of the trade premises for business use, not capital outlay. The referred question was answered in the negative and in favour of the assessee. en-us Mon, 08 Mar 1965 00:00:00 +0530 Thu, 22 Dec 2016 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178889 Expenditure incurred on fitting thin plywood wooden panels in leased cinema premises to conceal cracks, improve appearance and keep the business area presentable was held to be revenue expenditure. Because the premises were taken on a short lease, the panels were removable on termination and had negligible scrap value, the work did not create a durable asset or an enduring advantage. The spending was treated as maintenance of the trade premises for business use, not capital outlay. The referred question was answered in the negative and in favour of the assessee. Case-Laws Income Tax Mon, 08 Mar 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178889