https://www.taxtmi.com/caselaws?id=4746 The court determined that the expenditure for office renovation incurred by the respondent-assessee was revenue expenditure, not capital expenditure. Emphasizing the necessity of the expenditure for the smooth operation of the profession and the absence of acquiring any capital asset, the court upheld the decisions of the lower authorities. The appeal by the Revenue was dismissed, with no costs ordered. en-us Thu, 23 Aug 2007 00:00:00 +0530 Fri, 12 Jul 2013 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4746 The court determined that the expenditure for office renovation incurred by the respondent-assessee was revenue expenditure, not capital expenditure. Emphasizing the necessity of the expenditure for the smooth operation of the profession and the absence of acquiring any capital asset, the court upheld the decisions of the lower authorities. The appeal by the Revenue was dismissed, with no costs ordered. Case-Laws Income Tax Thu, 23 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4746