Expenditure on improvements on leasehold premises is capital expenditure

Advocate Akhilesh Kumar Sah Carrier Air-conditioning & Refrigeration Ltd. Vs ACIT (ITAT Delhi) In Carrier Air-conditioning & Refrigeration Ltd. vs. ACIT [ITA No.5244/Del/2015 AY: 2005-06, ITA No.1126/Del/2014 AY: 2009-10, ITA No.728/Del/2015 AY: 2010-11, ITA No.2140/Del/2016 AY: 2011-12 and ITA No.7312/Del/2017 AY: 2013-14, decided on 13.07.2018], the factual panorama of one of the issue was that the assessee claimed deduction of Rs.55,10,000/- on account of improvements on leasehold premises. On perusal of the details and supporting bills, it was observed by the Assessing Officer(AO...