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2015 (6) TMI 1042 - AT - Income TaxDisallowance of expense incurred on maintenance of colonies - CIT(A) deleted the addition - Held that:- The nature of expenses is upliftment of street lighting, development and laying of roads, underground tanks etc. These assets would never belong to the assessee but would belong to the community living in the colony and therefore, it cannot be said that assessee has derived enduring benefit from such expenses, therefore, in our opinion, the assessee was under obligation to maintain this colony for which such expense is a necessity. Therefore, we find nothing wrong with the order of Ld. CIT(A) and confirm the same. - Decided in favour of assessee
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