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2013 (10) TMI 1392 - ITAT COCHINWritten down value of the cost of construction as ‘current repair’ - Held that:- 'Current repair’ is an expenditure incurred by the assessee for the purpose of maintaining the machinery, building, etc. used for the purpose of business. It is not a case of an expenditure incurred for the purpose of doing the business. The assessee claims the written down value of the cost of construction as current repair. This Tribunal is of the considered opinion that the cost of construction of the building or its written down value cannot be allowed as ‘current repair’ under the existing provisions of the Income-tax Act.
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