Saturday, June 7, 2014

[aaykarbhavan] Civil and flooring work exp. incurred on leasehold premises was capital in nature, says ITAT




Civil and flooring work exp. incurred on leasehold premises was capital in nature, says ITAT

June 7, 2014[2014] 45 taxmann.com 201 (Delhi - Trib.)
IT : Capital expenditure incurred on premises taken on rent or lease etc. for carrying on business is not to be allowed as deduction in year of its incurring rather same will be capitalized entitling it to depreciation
 
Regards
Prarthana Jalan


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


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