Expense towards minor renovation is not capital expenditure

Suvidha Fashions Vs ITO (ITAT Surat) The repairs of small modification carried out at the premises are small scale repair which cannot be classified with capital expenditure. Facts- The appellant is a partnership firm engaged in the business of embroidery job work. During assessment, AO noted that assessee has shown purchases of GPO cloth of Rs.3,60,250/-. AO on perusal of invoices was of the view that invoices are self-made and accordingly AO issued notice asking as to why the purchase of GPO cloth of Rs.3,60,250/- should not be added as bogus. The Assessing Officer noted that bills No. are i...