Court Rules 50% of Office Renovation Costs on Rented Premises as Capital Expenditure; 50% Allowed as Revenue Expenditure.

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....Disallowance of renovation expenses of office on rented premises - Once 50 per cent. of the expenditure has been disallowed as capital expenditure, we do not find any reason to deviate from such findings, as allowance of 50 per cent. of revenue expenditure actually meet the ends of justice - AT....