Whenever assessee incurs expenditure for repair and maintenance of a building taken on lease for carrying on its business activity, it has to be allowed u/s 30(a)(i) provided same does not fall in capital field

Even after introduction of section 32(1A) or Explanation 1 to section 32, the assessee is entitled to claim the expenditure on repair/ maintenance of premises taken on lease u/s 30(a)(i).

FACTS

The assessee has taken on lease a theatre complex consisting of five cinema theatres from M/s Satyam Sayi Corporation (P) Ltd,. During the assessment year under consideration, the assessee has incurred substantial amounts towards consultation charges, interior design, modernisation, c

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