https://www.taxtmi.com/caselaws?id=188981 The Tribunal upheld the Assessing Officer's classification of the expenditure as capital, noting the enduring benefit derived from converting the premises for banking operations. Despite this classification, the Tribunal directed that the assessee be allowed depreciation on the capitalized expenditure, providing partial relief. The decision set aside the CIT (Appeals) order and restored that of the AO, allowing the appeal subject to the depreciation allowance. en-us Tue, 01 Feb 2000 00:00:00 +0530 Thu, 22 Dec 2016 14:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188981 The Tribunal upheld the Assessing Officer's classification of the expenditure as capital, noting the enduring benefit derived from converting the premises for banking operations. Despite this classification, the Tribunal directed that the assessee be allowed depreciation on the capitalized expenditure, providing partial relief. The decision set aside the CIT (Appeals) order and restored that of the AO, allowing the appeal subject to the depreciation allowance. Case-Laws Income Tax Tue, 01 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188981