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2013 (12) TMI 891 - AT - Income TaxHoarding Maintenance Expenses - Held that:- The expenses for putting up new median hoardings has generated income to assessee not only for this concerned assessment year but also for the next three succeeding assessment years - Treating a part of the expenses as capital in nature and granting depreciation on the same is justified - The steel purchase was only a subject matter of appeal before the CIT (A) and not the whole hoarding maintenance expenses - The CIT (A) have considered only the steel purchases as capital expenses and not of the whole hoarding maintenance expenses - Partly allowed in favour of assessee.
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