https://www.taxtmi.com/caselaws?id=444344 The High Court ruled in favor of the appellant/assessee, determining that the expenses on renovation and repair, as well as the replacement of door shutters, bus bars, and fabrication of a frame for fixing the false ceiling, were revenue expenditure and not capital expenditure as classified by the Tribunal. The Court emphasized that these expenses were necessary for running the business effectively without impacting fixed assets, allowing the appellant to claim deductions for them. The appeal was disposed of accordingly. en-us Mon, 09 Oct 2023 00:00:00 +0530 Thu, 12 Oct 2023 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444344 The High Court ruled in favor of the appellant/assessee, determining that the expenses on renovation and repair, as well as the replacement of door shutters, bus bars, and fabrication of a frame for fixing the false ceiling, were revenue expenditure and not capital expenditure as classified by the Tribunal. The Court emphasized that these expenses were necessary for running the business effectively without impacting fixed assets, allowing the appellant to claim deductions for them. The appeal was disposed of accordingly. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444344