https://www.taxtmi.com/caselaws?id=444295 The Delhi High Court allowed the deduction of renovation and repair expenses as revenue expenditure for the Assessment Year 1996-97, ruling in favor of the appellant/assessee and against the revenue. The Court considered a previous judgment on a similar issue for AY 1992-93 and upheld the Tribunal's decision to treat a portion of the expenses as revenue expenditure. The appeal was disposed of accordingly, affirming the treatment of renovation and repair expenses as revenue expenditure for better conduct of the existing business. en-us Mon, 09 Oct 2023 00:00:00 +0530 Thu, 12 Oct 2023 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444295 The Delhi High Court allowed the deduction of renovation and repair expenses as revenue expenditure for the Assessment Year 1996-97, ruling in favor of the appellant/assessee and against the revenue. The Court considered a previous judgment on a similar issue for AY 1992-93 and upheld the Tribunal's decision to treat a portion of the expenses as revenue expenditure. The appeal was disposed of accordingly, affirming the treatment of renovation and repair expenses as revenue expenditure for better conduct of the existing business. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444295