Expenditure on Leasehold Premises Disallowed by Kerala HC due to Lack of Explanation

Hotel Allied Trades Pvt. Ltd Vs ACIT (Kerala High Court)

In the case of Hotel & Allied Trades Pvt. Ltd. vs. ACIT Circle 1(2), the Kerala High Court deliberated on the validity of disallowing an expenditure claimed by the appellant as revenue expenditure. The dispute arose concerning the assessment year 2009-10, and the appellant contested the disallowance of Rs. 1,01,87,412 as revenue expenditure, asserting it was incurred on repairs and additions to buildings in leasehold premises.

The appellate tribunal, affirming the decisions of the Assessing Authority and the First

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