https://www.taxtmi.com/caselaws?id=28863 The High Court ruled in favor of the assessee, upholding their claims for deduction of expenditure on carpets and screens as revenue expenditure and allowing a higher depreciation rate on partition works and false ceiling. The judgment emphasized the commercial purpose and nature of the expenses incurred, aligning with established principles distinguishing between capital and revenue expenditure. en-us Tue, 03 Aug 1982 00:00:00 +0530 Mon, 08 Mar 2010 12:11:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28863 The High Court ruled in favor of the assessee, upholding their claims for deduction of expenditure on carpets and screens as revenue expenditure and allowing a higher depreciation rate on partition works and false ceiling. The judgment emphasized the commercial purpose and nature of the expenses incurred, aligning with established principles distinguishing between capital and revenue expenditure. Case-Laws Income Tax Tue, 03 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28863