https://www.taxtmi.com/caselaws?id=444293 The High Court ruled in favor of the appellant/assessee, holding that expenses on renovation, refurbishment, and repairs, as well as fees paid to the consultant, were revenue expenditures. The Court allowed deductions for these expenses but remanded the issue of initially capitalized expenses for further examination by the Assessing Officer. en-us Mon, 09 Oct 2023 00:00:00 +0530 Thu, 12 Oct 2023 10:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444293 The High Court ruled in favor of the appellant/assessee, holding that expenses on renovation, refurbishment, and repairs, as well as fees paid to the consultant, were revenue expenditures. The Court allowed deductions for these expenses but remanded the issue of initially capitalized expenses for further examination by the Assessing Officer. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444293