Expenditure on construction of building in a leasehold premises ...

Building Construction on Leasehold Not Repair u/s 30(a)(i); Classified as Capital Expenditure Per Section 32(1).

April 19, 2019

Case Laws Income Tax HC

Expenditure on construction of building in a leasehold premises - in the first Assessment Year Expenditure cannot be considered as repair u/s 30(a)(i) as the renovations made are Capital in nature - since expenditure are Capital in nature same will come within the mischief of Explanation 1 to Section 32(1) - deduction as revenue expenses not allowed

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Expenditure on construction of building in a leasehold premises ...

Building Construction on Leasehold Not Repair u/s 30(a)(i); Classified as Capital Expenditure Per Section 32(1).

April 19, 2019

Case Laws Income Tax HC

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