Temporary structure by means of false ceiling and office renovation in leased premises not results in any capital expenditure

HIGH COURT OF MADRAS Thiru Arooran Sugars Ltd. versus Deputy Commissioner of Income-tax TAX CASE (APPEAL NO.) 197 OF 2005 JULY  26, 2011 JUDGMENT Mrs. Chitra Venkataraman, J. The assessee has preferred the present tax case (appeal) as against the order of the Income-tax Appellate Tribunal, raising the following substantial question of law : “Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the repairs and renovation expenses incurred on the leased business premises as capital expenditure ?” 2. The assessee, herein...