https://www.taxtmi.com/caselaws?id=60906 The tribunal allowed the majority of the renovation expenses as revenue deduction, considering the necessity of the repairs and enhancements for maintaining and improving the leased business premises. It emphasized the importance of distinguishing between revenue and capital expenditure based on practical implications. However, certain expenses related to specific items were remanded to the Assessing Officer for further examination to determine their nature as potential capital expenditure. en-us Fri, 24 Mar 1995 00:00:00 +0530 Sat, 08 Jan 2011 15:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60906 The tribunal allowed the majority of the renovation expenses as revenue deduction, considering the necessity of the repairs and enhancements for maintaining and improving the leased business premises. It emphasized the importance of distinguishing between revenue and capital expenditure based on practical implications. However, certain expenses related to specific items were remanded to the Assessing Officer for further examination to determine their nature as potential capital expenditure. Case-Laws Income Tax Fri, 24 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60906