https://www.taxtmi.com/caselaws?id=36057 The High Court of Delhi ruled in favor of the assessee in a case concerning the classification of expenditure on remodelling furniture in retail depots for income-tax assessment. The court held that the expenditure was revenue in nature, necessary for design changes in the ordinary course of business, and thus deductible as revenue expenditure. The court differentiated between capital and revenue expenses, ultimately supporting the Tribunal's decision to allow the deduction of Rs. 32,431 as revenue expenditure for the assessment year 1960-61. en-us Thu, 12 Feb 1981 00:00:00 +0530 Fri, 19 Mar 2010 11:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36057 The High Court of Delhi ruled in favor of the assessee in a case concerning the classification of expenditure on remodelling furniture in retail depots for income-tax assessment. The court held that the expenditure was revenue in nature, necessary for design changes in the ordinary course of business, and thus deductible as revenue expenditure. The court differentiated between capital and revenue expenses, ultimately supporting the Tribunal's decision to allow the deduction of Rs. 32,431 as revenue expenditure for the assessment year 1960-61. Case-Laws Income Tax Thu, 12 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36057