https://www.taxtmi.com/caselaws?id=340474 The High Court upheld the Tribunal's decision, ruling in favor of the Department and against the assessee. The expenditure incurred on repairs, replacement, and renovation of hotel rooms was deemed to be capital expenditure due to the enduring advantage it provided by enhancing the standard of the hotel. The Court relied on judicial precedents and emphasized that expenditure resulting in an enduring benefit for the business is considered capital in nature. Consequently, the expenses were not eligible for deduction as revenue expenditure under the Income-tax Act. en-us Wed, 14 Dec 2016 00:00:00 +0530 Wed, 22 Mar 2017 08:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340474 The High Court upheld the Tribunal's decision, ruling in favor of the Department and against the assessee. The expenditure incurred on repairs, replacement, and renovation of hotel rooms was deemed to be capital expenditure due to the enduring advantage it provided by enhancing the standard of the hotel. The Court relied on judicial precedents and emphasized that expenditure resulting in an enduring benefit for the business is considered capital in nature. Consequently, the expenses were not eligible for deduction as revenue expenditure under the Income-tax Act. Case-Laws Income Tax Wed, 14 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340474