https://www.taxtmi.com/caselaws?id=22702 The High Court of Allahabad dismissed an application under section 256(2) of the Income-tax Act, 1961. The court held that the expenditure on the reconstruction of a hotel building was revenue expenditure and allowable, as it aimed to restore the building to its previous state and repair fire damage, rather than for new construction. The application was dismissed with no costs. en-us Wed, 23 Jan 1991 00:00:00 +0530 Sat, 12 Dec 2009 14:02:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22702 The High Court of Allahabad dismissed an application under section 256(2) of the Income-tax Act, 1961. The court held that the expenditure on the reconstruction of a hotel building was revenue expenditure and allowable, as it aimed to restore the building to its previous state and repair fire damage, rather than for new construction. The application was dismissed with no costs. Case-Laws Income Tax Wed, 23 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22702