Exp. incurred on renovation and repair of hotel rooms are revenue in nature; deduction allowable

INCOME TAX : Where assessee, running a hotel, incurred certain expenses on renovation and repair of hotel rooms, same was to be allowed as deduction under section 37(1)INCOME TAX : Where assessee, running a hotel, incurred certain expenses on renovation and repair of hotel rooms, same was to be allowed as deduction under section 37(1)www.taxmann.com Latest Case LawsRead More

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