https://www.taxtmi.com/caselaws?id=278157 The Tribunal upheld the CIT(A)'s decisions in both Assessment Years 2006-07 and 2012-13, ruling that the renovation expenses for replacing mosaic floors with marble floors and the purchase of machinery in a hotel business were revenue expenditures. The replacement of floors was deemed necessary for maintaining the hotel's capacity and profit apparatus, while the purchase of machinery was considered maintenance for business operation due to the hotel's longstanding classification as a four-star establishment. The revenue's appeals were dismissed. en-us Wed, 23 Nov 2016 00:00:00 +0530 Tue, 15 Jan 2019 11:20:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278157 The Tribunal upheld the CIT(A)'s decisions in both Assessment Years 2006-07 and 2012-13, ruling that the renovation expenses for replacing mosaic floors with marble floors and the purchase of machinery in a hotel business were revenue expenditures. The replacement of floors was deemed necessary for maintaining the hotel's capacity and profit apparatus, while the purchase of machinery was considered maintenance for business operation due to the hotel's longstanding classification as a four-star establishment. The revenue's appeals were dismissed. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278157