https://www.taxtmi.com/caselaws?id=444244 The HC determined that expenses related to renovation, refurbishment, and repairs, including Rs. 2,44,00,352/- and Rs. 3,08,703/- for lift shaft pressurization, are revenue expenditures. Fees of Rs. 23,18,695/- paid to GEL were also deemed revenue expenditure. The issue of Rs. 600,84,000/- was remanded to the AO for further review. Both legal questions were resolved in favor of the appellant/assessee, opposing the revenue's stance. en-us Mon, 09 Oct 2023 00:00:00 +0530 Fri, 01 Mar 2024 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444244 The HC determined that expenses related to renovation, refurbishment, and repairs, including Rs. 2,44,00,352/- and Rs. 3,08,703/- for lift shaft pressurization, are revenue expenditures. Fees of Rs. 23,18,695/- paid to GEL were also deemed revenue expenditure. The issue of Rs. 600,84,000/- was remanded to the AO for further review. Both legal questions were resolved in favor of the appellant/assessee, opposing the revenue's stance. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444244