https://www.taxtmi.com/caselaws?id=444294 The Tribunal allowed the appellant's deductions for renovation expenses and fees paid to the interior architect as revenue expenditure for Assessment Year (AY) 1995-96. The expenses on renovation and repair were considered admissible under Section 37 of the Income Tax Act, 1961, despite being partly capitalized. The Tribunal overturned the disallowance by the AO and CIT(A), following a prior case precedent, and directed further examination by the AO on additional expenses claimed. en-us Mon, 09 Oct 2023 00:00:00 +0530 Thu, 12 Oct 2023 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444294 The Tribunal allowed the appellant's deductions for renovation expenses and fees paid to the interior architect as revenue expenditure for Assessment Year (AY) 1995-96. The expenses on renovation and repair were considered admissible under Section 37 of the Income Tax Act, 1961, despite being partly capitalized. The Tribunal overturned the disallowance by the AO and CIT(A), following a prior case precedent, and directed further examination by the AO on additional expenses claimed. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444294