https://www.taxtmi.com/caselaws?id=182848 The ITAT partly allowed the Revenue's appeal, affirming the deletion of bad debts written off based on relevant case laws and remitting the issue of expenditure on renovation of electrical fittings back to the Assessing Officer for further consideration. The claim of bad debt was allowed as the assessee succeeded the business of the web portals acquired through a demerger. The expenditure on renovation was directed to be treated as revenue expenditure to enhance the working environment without acquiring enduring benefits. en-us Fri, 31 Aug 2012 00:00:00 +0530 Sat, 21 May 2016 10:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182848 The ITAT partly allowed the Revenue's appeal, affirming the deletion of bad debts written off based on relevant case laws and remitting the issue of expenditure on renovation of electrical fittings back to the Assessing Officer for further consideration. The claim of bad debt was allowed as the assessee succeeded the business of the web portals acquired through a demerger. The expenditure on renovation was directed to be treated as revenue expenditure to enhance the working environment without acquiring enduring benefits. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182848