https://www.taxtmi.com/caselaws?id=26594 The High Court ruled in favor of the assessee on both issues. The expenses incurred for constructing a loft in leased premises were treated as revenue expenditure rather than capital expenditure, as they aimed at improving business efficiency. Additionally, the tea expenses were not disallowable under the Income-tax Act, as they were not considered entertainment expenditure. The court referenced relevant precedents to support its decision in favor of the assessee. en-us Wed, 17 Jul 1985 00:00:00 +0530 Sat, 06 Feb 2010 12:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26594 The High Court ruled in favor of the assessee on both issues. The expenses incurred for constructing a loft in leased premises were treated as revenue expenditure rather than capital expenditure, as they aimed at improving business efficiency. Additionally, the tea expenses were not disallowable under the Income-tax Act, as they were not considered entertainment expenditure. The court referenced relevant precedents to support its decision in favor of the assessee. Case-Laws Income Tax Wed, 17 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26594