2023 (10) TMI 518

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..... eatment of expenses incurred on renovation and refurbishment of Hotel - HELD THAT:- Having regard to the judgment rendered in [ 2023 (10) TMI 467 - DELHI HIGH COURT ] the instant appeal is disposed of with the following directions, as the view taken in the said appeal will apply mutatis mutandis to the instant case as well: Appellant/assessee will be entitled to claim the deduction, as, in our .....

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..... 006 passed in the appeals concerning AY 1991-92 to AY 1994-95. 2. Via order dated 01.05.2008, a coordinate bench of this court, insofar as this appeal is concerned, framed the following substantial question of law: (1) Whether the Income Tax Appellate Tribunal was correct in law in holding that the renovation and repair expenses incurred on account of improvisation and better conduct of th .....

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..... f Income Tax (Appeals) [in short, CIT(A) ] via order dated 14.03.2002 granted partial relief to the assessee by directing that Rs. 89,391/-, which had been incurred on replacement of wall papers, painting and railing panel lights, be treated as revenue expenditure, while sustaining the disallowance of the remaining amount i.e., Rs. 66,54,940/-. 6. The appellant/assessee carried the matter in a .....

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