https://www.taxtmi.com/caselaws?id=417964 The Tribunal upheld the decision of the CIT(A) to allow only partial depreciation on leasehold improvements, denying the assessee's claim for 100% depreciation. The Tribunal remanded the issue of whether the expenditures were capital or revenue in nature back to the CIT(A) for further review. The appeal was allowed for statistical purposes, with instructions for a fresh assessment of the nature of the expenditures. en-us Wed, 29 Dec 2021 00:00:00 +0530 Sat, 05 Feb 2022 08:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417964 The Tribunal upheld the decision of the CIT(A) to allow only partial depreciation on leasehold improvements, denying the assessee's claim for 100% depreciation. The Tribunal remanded the issue of whether the expenditures were capital or revenue in nature back to the CIT(A) for further review. The appeal was allowed for statistical purposes, with instructions for a fresh assessment of the nature of the expenditures. Case-Laws Income Tax Wed, 29 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417964