Car Showroom Renovation expenses allowable as ‘Revenue’ expense

DCIT Vs Torque Automotive Pvt. Ltd. (ITAT Ahmedabad) The brief facts of the case is that the assessee is engaged in the business of sales and services of Skoda cars and spares. The assessee company during this Financial Year has renovated its four showrooms at Ahmedabad, Rajkot, Surat and Baroda as per Skoda Company’s Corporate Identity Look Policy. The assessee had to change the signboard, logo, color, tiles, furniture, etc. completely with that of the old one. Thus, the assessee claimed under repair and maintenance of building expenses account, Rs. 11,29,19,528/-. The Assessing Officer iss...