https://www.taxtmi.com/caselaws?id=332695 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition made on account of expenditure on repairs and maintenance in the leasehold premises. The Tribunal considered the expenditure on laying new floor tiles in the leased asset as providing enduring benefit and added value to the fixed asset, thus categorizing it as capital expenditure. Despite this, the Tribunal followed a previous decision and ruled in favor of the assessee, emphasizing consistency in applying legal precedents to determine the nature of the expenditure incurred. en-us Thu, 11 Aug 2016 00:00:00 +0530 Fri, 23 Sep 2016 12:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332695 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition made on account of expenditure on repairs and maintenance in the leasehold premises. The Tribunal considered the expenditure on laying new floor tiles in the leased asset as providing enduring benefit and added value to the fixed asset, thus categorizing it as capital expenditure. Despite this, the Tribunal followed a previous decision and ruled in favor of the assessee, emphasizing consistency in applying legal precedents to determine the nature of the expenditure incurred. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332695