No deferred revenue expenditure claim allowable unless specifically provided

Hansa Vision India P. Ltd. Vs DCIT (ITAT Chennai) The assessee has claimed an amount of ₹.10,85,501/- towards expenses incurred on building and justified that the company during the financial year 2005-06 had incurred a sum of around ₹.97 lakhs towards temporary structure on the buildings held by the assessee company. The assessee company had, in fact, leased out the building after the renovation. The lease is for a period of 9 years from the assessment year 2006-07 to 2014-15. Before the Assessing Officer, the assessee has submitted that as per section 32 of the Act, the assessee is entit...