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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Expenditure incurred on renovation of showrooms on rented ...


Renovation Costs on Rented Showrooms Deemed Capital Expenditure; Equipment Ownership Influences Classification Decision.

September 4, 2013

Case Laws     Income Tax     AT

Expenditure incurred on renovation of showrooms on rented premises - Revenue or capital expenditure - - assessee would continue to be the owner of these equipments, though they were installed in the premises of the dealer - held as capital expenditure - AT

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