https://www.taxtmi.com/caselaws?id=340389 The Court upheld the decision disallowing excess depreciation claimed by the assessee on furniture, fittings, and temporary structures in leased premises as capital expenditure for AY 2008-2009. The Tribunal's ruling in favor of the Revenue was affirmed, emphasizing enduring benefits from the structures. The Court ordered a de novo assessment by the Assessing Officer due to the lack of detailed examination of expenses. Additionally, the Tribunal's failure to differentiate between current and capital repairs led to the setting aside of the order for reassessment by the Assessing Officer, highlighting the need for meticulous examination of expense sub-heads. en-us Mon, 06 Mar 2017 00:00:00 +0530 Tue, 21 Mar 2017 08:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340389 The Court upheld the decision disallowing excess depreciation claimed by the assessee on furniture, fittings, and temporary structures in leased premises as capital expenditure for AY 2008-2009. The Tribunal's ruling in favor of the Revenue was affirmed, emphasizing enduring benefits from the structures. The Court ordered a de novo assessment by the Assessing Officer due to the lack of detailed examination of expenses. Additionally, the Tribunal's failure to differentiate between current and capital repairs led to the setting aside of the order for reassessment by the Assessing Officer, highlighting the need for meticulous examination of expense sub-heads. Case-Laws Income Tax Mon, 06 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340389