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2018 (1) TMI 1321 - AT - Income TaxNature of expenditure - current repairs - revenue or capital expenditure - Held that:- As clear from the finding of the Tribunal that out of total repair charges of ₹ 49,60,053/-, ₹ 33,33,035/- was allowed in the A.Y.2011-12, the expenditure ₹ 8,00,000/- is therefore, required to be allowed in the A.Y.2010-11 under consideration. We direct accordingly. Disallowance of 15% out of vehicle expenses on adhoc basis - Held that:- AO has disallowed 20% vehicle expenses on account of personal use which was reduced by CIT(A) to 15%. Keeping in view the nature of assessee’s business vis-à-vis possibility of personal use, we restrict the disallowance to the extent of 10% on account of personal use. We direct accordingly.
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