Allowability of Interior Decoration Work in Rented Office as Revenue Expenditure

Harmuny Entertainment Pvt. Ltd. Vs DCIT (ITAT Kolkata) ITAT Kolkata held that expenditure incurred towards interior decoration work of a rented office premises is allowable as revenue expenditure. Accordingly, disallowance of such expenditure unjustified. Facts- AO noticed that the assessee has shown amount payable to Sampark Advertisement and Media Pvt. Ltd. (SAMPL), in the balance sheet as a sundry creditors at Rs.3,12,26,294/-. AO found that SAMPL has already written off the said sum in its books and thus AO came to a conclusion that since the liability is not existing it falls under the pr...