https://www.taxtmi.com/caselaws?id=327491 The Full Bench upheld the correctness of the earlier Division Bench judgment in Joy Alukkas India Pvt. Ltd. v. Asst. CIT and clarified that expenditures on leased premises should be classified based on their nature, applying relevant tests. Explanation 1 to section 32(1)(i) does not automatically deem all expenditures as capital. The matter was referred back to the Division Bench for further consideration without expressing an opinion on the case's merits. en-us Wed, 17 Feb 2016 00:00:00 +0530 Thu, 12 May 2016 01:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327491 The Full Bench upheld the correctness of the earlier Division Bench judgment in Joy Alukkas India Pvt. Ltd. v. Asst. CIT and clarified that expenditures on leased premises should be classified based on their nature, applying relevant tests. Explanation 1 to section 32(1)(i) does not automatically deem all expenditures as capital. The matter was referred back to the Division Bench for further consideration without expressing an opinion on the case's merits. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327491