Expenditure on renovation/repair/addition in leasehold premises is capital expenditure

 IN THE ITAT CHENNAI BENCH ‘B’ ABT Ltd. Versus Assistant Commissioner of Income-tax, IT APPEAL NOS. 1557, 1558, 1633 & 1705 (MDS.) OF 2011 [ASSESSMENT YEARS 2005-06 & 2008-09] JANUARY 3, 2013 ORDER Vikas Awasthy, Judicial Member – The assessee has filed ITA Nos.1557 & 1558/Mds/2011 relevant to the assessment years 2005-06 and 2008-09 respectively impugning the orders of the CIT(A)-I, Coimbatore dated 12.7.2011. The Revenue has also assailed the orders of the CIT(A) dated12.07.2011 for the assessment years 2005-06 and 2008-09 in ITA Nos.1705 &am...