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TMI BlogBuilding renovationX X X X Extracts X X X X X X X X Extracts X X X X ..... Building renovation X X X X Extracts X X X X X X X X Extracts X X X X ..... of building? Need taxation view and accounting view. Reply By CA Rachit Agarwal: The Reply: If the renovation expenditure enhances the value of buildings and also increases the life-cycle of the bui ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lding. Hence the same to be treated as Capital Expenditure. However if the same expenditure is incurred by tenant then it is revenue expenditure. Refer: Normal 0 false false false EN-US X- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} Modi Spg. & Wvg. Mills Co. Ltd. v. CIT [1993] 200 ITR 54 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 (Delhi) X X X X Extracts X X X X X X X X Extracts X X X X
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