ITAT Allows Deductions for Expenditure on Renovation, Refurbishment & Repairs

Asian Hotels Ltd Vs CIT (Delhi High Court)

Introduction: The Delhi High Court has recently addressed a crucial matter in the case of Asian Hotels Ltd vs. CIT, focusing on Assessment Year (AY) 1993-94. The appeal seeks to challenge the order passed by the Income Tax Appellate Tribunal (ITAT) concerning AYs 1991-92 to 1994-95.

Background: The appellant, Asian Hotels Ltd, contested the disallowance of expenses related to “renovation and refurbishment

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