https://www.taxtmi.com/caselaws?id=179584 Expenditure on limited renovation of leased premises, confined to replacement of mosaic flooring with marble, was treated as revenue expenditure because no capital asset of enduring nature was brought into existence. Section 32(1A) of the Income-tax Act, 1961 was held inapplicable on these facts. The questions referred were answered in favour of the assessee and against the revenue. en-us Tue, 14 Aug 2007 00:00:00 +0530 Fri, 04 Mar 2016 16:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179584 Expenditure on limited renovation of leased premises, confined to replacement of mosaic flooring with marble, was treated as revenue expenditure because no capital asset of enduring nature was brought into existence. Section 32(1A) of the Income-tax Act, 1961 was held inapplicable on these facts. The questions referred were answered in favour of the assessee and against the revenue. Case-Laws Income Tax Tue, 14 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179584