Expenditure incurred by Addition to Buildings and Electrical Fittings on Leasehold Premises is Capital Expenditure: Kerala HC [Read Order]

Expenditure incurred by addition to buildings and electrical fittings on leasehold premises is capital expenditure, rules Kerala HC
kerala High Court - First Appellate Authority - Income Tax Department - Addition to buildings - Addition to electrical fittings - taxscan

In a recent decision a division bench of the Kerala High Court ruled that the expenditure incurred by way of addition to buildings and electrical fittings on leasehold premises is capital expenditure and not revenue expenditure. The Appellate Tribunal had affirmed the order of the Assessing Authority as also the First Appellate Authority that disallowed…

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