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Exp. incurred on interior decoration & office equipment on leased premises was capital exp. eligible for dep.

September 21, 2019[2019] 109 taxmann.com 66 (Madras)/[2019] 266 Taxman 303 (Madras)

INCOME TAX : Where assessee incurred expenses on interior decoration and office equipment of premises taken on lease which were capital in nature, same was eligible for depreciation in term of Explanation 1 to section 32, and, thus, assessee's claim for deduction of expenditure so incurred under section 37(1) was to be rejected

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