https://www.taxtmi.com/caselaws?id=55022 The Tribunal allowed the appeal, ruling that the expenditure on repairing furniture, wooden racks, and false ceiling should be treated as revenue expenditure and not added back to the book profit for assessing income under section 115J of the Income Tax Act. The Tribunal held that the expenditure did not fall under the categories for adjustment under section 115J(1A), overturning the AO's decision to treat it as capital expenditure. en-us Tue, 27 Aug 2002 00:00:00 +0530 Tue, 23 Nov 2010 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55022 The Tribunal allowed the appeal, ruling that the expenditure on repairing furniture, wooden racks, and false ceiling should be treated as revenue expenditure and not added back to the book profit for assessing income under section 115J of the Income Tax Act. The Tribunal held that the expenditure did not fall under the categories for adjustment under section 115J(1A), overturning the AO's decision to treat it as capital expenditure. Case-Laws Income Tax Tue, 27 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55022