https://www.taxtmi.com/caselaws?id=412391 Movable showroom equipment installed at dealers' premises was treated as capital expenditure where ownership remained with the assessee and the assets could be removed and reused elsewhere. Club membership and related service charges were not allowed as revenue expenditure on the facts, because the claim was not limited to a pure membership subscription. Depreciation on the let-out portion of the Gurgaon building was also disallowed by following the assessee's own earlier case. Advances written off for proposed acquisition of capital assets were not deductible as bad debt or revenue expenditure, as the statutory conditions for such deduction were not satisfied. en-us Thu, 29 Jul 2021 00:00:00 +0530 Tue, 16 Nov 2021 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412391 Movable showroom equipment installed at dealers' premises was treated as capital expenditure where ownership remained with the assessee and the assets could be removed and reused elsewhere. Club membership and related service charges were not allowed as revenue expenditure on the facts, because the claim was not limited to a pure membership subscription. Depreciation on the let-out portion of the Gurgaon building was also disallowed by following the assessee's own earlier case. Advances written off for proposed acquisition of capital assets were not deductible as bad debt or revenue expenditure, as the statutory conditions for such deduction were not satisfied. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412391