Exp. incurred on improvement of building taken on lease to be treated as capital in nature : Madras HC

IT: Where assessee had taken a building on lease and incurred expenditure towards interior improvement and further construction of two floors of said building, impugned expenditure incurred by assessee had brought enduring benefit; therefore, same was capital in nature and would come within mischief of Explanation 1 to section 32(1)

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