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2017 (1) TMI 1607 - ITAT MUMBAI
Nature of expenditure - dismantling expenses - capital or revenue expenditure - Held that:- assessee has incurred expenses in dismantling the plant and machinery to replace and install the new one in order to upgrade and enhance the production capacity of the assessee - following the decisions in various cases, expenses allowed u/d 37(1) - Decided in favor of assessee.
Nature of expenses incurred towards Gujarat Earthquake relief and claimed deduction u/s 37(1) - Held that:- FAA allowed the same by holding these expenses at par with community welfare expenses which has been allowed as admissible expenses in assessee‟s own case supra. - Order of CIT(A) confirmed - Decided in favor of assessee.