The Cochin bench of the Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the expenses incurred by a hotel for its beautification and maintenance are allowable as business expenditure. The assessee, a three-Star Hotel incurred certain expenses towards the repair and maintenance of the existing building to keep it fit to get renewal […]
The post ITAT allows Deduction of Expenses incurred for Beautification and Maintenance of Hotel to preserve Three-Star Classification [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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