https://www.taxtmi.com/caselaws?id=19884 Expenditure incurred by a lessee on improvements to leasehold premises was treated as revenue expenditure because it was made for better enjoyment of the property and the benefit was co-terminous with the lease term. The construction of a bedding for an oil engine and a room for storing cloth did not create any enduring advantage beyond the lease period, and the earlier depreciation claim was withdrawn only because the assessee was not the owner of the structure. The expenditure was therefore not capital in nature and was allowable as revenue expenditure. en-us Wed, 19 Jan 1994 00:00:00 +0530 Tue, 10 Nov 2009 13:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19884 Expenditure incurred by a lessee on improvements to leasehold premises was treated as revenue expenditure because it was made for better enjoyment of the property and the benefit was co-terminous with the lease term. The construction of a bedding for an oil engine and a room for storing cloth did not create any enduring advantage beyond the lease period, and the earlier depreciation claim was withdrawn only because the assessee was not the owner of the structure. The expenditure was therefore not capital in nature and was allowable as revenue expenditure. Case-Laws Income Tax Wed, 19 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19884