Factory Renovation Held Revenue Expense Because No New Asset Was Created

Aryan Flavours Vs DC/AC Circle 1 (ITAT Patna)

Large Repair Costs Not Capital Expenditure as Building Only Maintained, Not Expanded; ITAT Deletes Addition After Finding Renovation Did Not Result in Enduring New Benefit; Major Structural Repairs Allowed as Revenue Expense Since No Extension Was Made; High-Value Building Repairs Treated as Revenue Because They Preserved Existing Asset; Renovation of Old Factory Not Capitalised as No New Advantage Emerged; Quantum of Expense Not Decisive:

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