https://www.taxtmi.com/caselaws?id=384743 The High Court held that expenses incurred on the renovation of leased premises and vasthu consultancy charges for setting up a new office should be treated as capital expenditure under Explanation 1 to Section 32 of the Income Tax Act. The court allowed the Revenue's appeal, set aside the orders of the lower authorities, and restored the Assessing Officer's order. The court emphasized that enduring benefits from extensive repairs or consultancy services constitute capital expenditure, contrary to the assessee's claim of revenue expenditure. en-us Wed, 26 Jun 2019 00:00:00 +0530 Thu, 22 Aug 2019 07:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384743 The High Court held that expenses incurred on the renovation of leased premises and vasthu consultancy charges for setting up a new office should be treated as capital expenditure under Explanation 1 to Section 32 of the Income Tax Act. The court allowed the Revenue's appeal, set aside the orders of the lower authorities, and restored the Assessing Officer's order. The court emphasized that enduring benefits from extensive repairs or consultancy services constitute capital expenditure, contrary to the assessee's claim of revenue expenditure. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384743