https://www.taxtmi.com/caselaws?id=753466 Kerala HC upheld the revenue authorities' classification of repair and addition costs on leasehold buildings as capital expenditure rather than revenue expenditure. The court found that the assessee failed to provide sufficient evidence to demonstrate the revenue nature of expenses before the AO, FAA, or Tribunal. The HC emphasized that determining whether expenditure is capital or revenue requires independent assessment by authorities, following the binding precedent in Indus Motors Co.P Ltd. The appeal was decided in favor of the revenue department. en-us Tue, 21 May 2024 00:00:00 +0530 Wed, 09 Jul 2025 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753466 Kerala HC upheld the revenue authorities' classification of repair and addition costs on leasehold buildings as capital expenditure rather than revenue expenditure. The court found that the assessee failed to provide sufficient evidence to demonstrate the revenue nature of expenses before the AO, FAA, or Tribunal. The HC emphasized that determining whether expenditure is capital or revenue requires independent assessment by authorities, following the binding precedent in Indus Motors Co.P Ltd. The appeal was decided in favor of the revenue department. Case-Laws Income Tax Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753466