[aaykarbhavan] Renovation exp. by hotel to facilitate its business was allowable as revenue exp.

Renovation exp. by hotel to facilitate its business was allowable as revenue exp.

September 24, 2014[2014] 48 taxmann.com 355 (Delhi)/[2014] 363 ITR 182 (Delhi)

IT : Where renovation expenses did not bring any new asset and same merely facilitated assessee's business, same was allowable as revenue expenditure

IT : Where roof construction was temporary in nature, 100 per cent depreciation was allowable on same

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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