https://www.taxtmi.com/highlights?id=31321 Whereas the expenditure of a capital nature incurred on the renovation etc. of a building, which is not owned by the assessee but in respect of which the assessee holds mere occupancy rights, cannot be allowed deduction as a revenue expense, but such expenditure of a capital nature is liable to be considered as a building owned by the assessee for the purposes of section 32 - Depreciation to be allowed - AT en-us Wed, 21 Sep 2016 15:51:35 +0530 Wed, 21 Sep 2016 15:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31321 Whereas the expenditure of a capital nature incurred on the renovation etc. of a building, which is not owned by the assessee but in respect of which the assessee holds mere occupancy rights, cannot be allowed deduction as a revenue expense, but such expenditure of a capital nature is liable to be considered as a building owned by the assessee for the purposes of section 32 - Depreciation to be allowed - AT Highlights Income Tax Wed, 21 Sep 2016 15:51:35 +0530 https://www.taxtmi.com/highlights?id=31321