COMMISSIONER OF INCOME-TAX versus OOTY DASAPRAKASH
Reference Business Expenses Capital or Revenue Expenses Hotels Business Current repairs Only and only for hotel repairs and renovations, and replacing existing components of old buildings, furniture and fittings, intended to operate the hotel business and The goal of creating a beautiful environment is not just sustainable in nature. An allowable deduction for current repair and expense expenses is the Income Tax Act, 1961, sections 31 (1), 37 and 256 (2).
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