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2010 (2) TMI 43 - DELHI HIGH COURTCurrent Repairs – Section 31 – ITAT - examining the facts of the case, came to the conclusion that the expenditure was incurred on repairs, reinforcement, replacement of dilapidated beams, pillars, walls etc. of the existing press building and that the assessee did not bring into existence any new asset over and above the existing building. The Tribunal also observed that the assessee had been incurring such expenditure in the past as and when the need arose and it was towards preserving and maintaining the existing asset. – held that – expenditure allowed as current repairs – Decision in the matter of Saravana Spinning Mills (2007 -TMI - 1775 - SUPREME COURT OF INDIA), followed - revenue appeal dismissed
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