https://www.taxtmi.com/caselaws?id=17702 The High Court determined that the expenditure incurred on renovation charges for a rented show-room was revenue expenditure, not capital expenditure, for the assessment year 1980-81. The Court held that the renovation did not transfer ownership to the assessee, and as there was no finding indicating capital expenditure, section 32(1A) of the Income-tax Act did not apply. Citing a decision of the Delhi High Court, the Court ruled in favor of the assessee, affirming that the renovation expenditure was revenue expenditure. No costs were awarded in this case. en-us Thu, 25 Apr 1996 00:00:00 +0530 Thu, 24 Sep 2009 12:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17702 The High Court determined that the expenditure incurred on renovation charges for a rented show-room was revenue expenditure, not capital expenditure, for the assessment year 1980-81. The Court held that the renovation did not transfer ownership to the assessee, and as there was no finding indicating capital expenditure, section 32(1A) of the Income-tax Act did not apply. Citing a decision of the Delhi High Court, the Court ruled in favor of the assessee, affirming that the renovation expenditure was revenue expenditure. No costs were awarded in this case. Case-Laws Income Tax Thu, 25 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17702