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2014 (6) TMI 117 - KERALA HIGH COURTCurrent repairs – Claim of WDV of cost of construction as current repairs – Revenue expenses or not –Held that:- The Tribunal was rightly of the view that the assessee continuing in possession of the property after expiry of the lease period has to be construed as holding over of the property after expiry of the lease period – thus, there is no question of allowing the written down value and the cost of construction as "current repairs" - "current repairs" is an expenditure incurred by the assessee for the purpose of maintaining machinery, building, etc., used for the purpose of business, it cannot be the written down value of the cost of construction – thus, the assessee cannot claim the benefit of written down value of the cost of construction which he had incurred under the head "Current repairs"- no question of law arises for consideration – Decided against Assessee.
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