https://www.taxtmi.com/highlights?id=30066 Assessee (tenant) incurred expenditure on renovation of premises, however assessee did not get any benefit of lower rent, therefore the entire expenditure cannot be allowed as revenue. - 75% of the expenditure is to be treated as capital and 25% as revenue en-us Sat, 02 Jul 2016 12:11:32 +0530 Sat, 02 Jul 2016 12:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30066 Assessee (tenant) incurred expenditure on renovation of premises, however assessee did not get any benefit of lower rent, therefore the entire expenditure cannot be allowed as revenue. - 75% of the expenditure is to be treated as capital and 25% as revenue Highlights Income Tax Sat, 02 Jul 2016 12:11:32 +0530 https://www.taxtmi.com/highlights?id=30066