https://www.taxtmi.com/caselaws?id=9665 The court upheld the deductibility of deferred revenue expenditure for repair/renovation works, emphasizing business necessity over enduring benefit and capital expenditure arguments by the Department. The dismissal of the Department's appeal was supported due to the lack of substantial legal questions. Additionally, the penalty deletion under section 271(1)(c) was upheld in favor of the assessee, highlighting the essential business purpose of the expenditure incurred. en-us Mon, 02 Jan 2006 00:00:00 +0530 Sun, 28 Jun 2009 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9665 The court upheld the deductibility of deferred revenue expenditure for repair/renovation works, emphasizing business necessity over enduring benefit and capital expenditure arguments by the Department. The dismissal of the Department's appeal was supported due to the lack of substantial legal questions. Additionally, the penalty deletion under section 271(1)(c) was upheld in favor of the assessee, highlighting the essential business purpose of the expenditure incurred. Case-Laws Income Tax Mon, 02 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9665