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2013 (12) TMI 1 - AT - Income TaxExpenses on repairs Revenue or capital Expenditure Held that:- The expenses were incurred to carry out changes in the manufacturing area on the direction of licensing authority - no new asset has been created by incurring said expenditure and the said expenditure was incurred to facilitate to run the factory Following CIT V/s Associated Cement Companies Ltd. [1988 (5) TMI 2 - SUPREME Court] - "What is material to consider is the nature of the advantage in a commercial sense and it is only where the advantage is in the capital field that the expenditure would be disallowable on an application of enduring benefit. If the advantage consists merely in facilitating the assessee's trading operations or enabling the management and conduct of the assessee's business to be carried on more effectively or more profitably while leaving the fixed capital untouched, the expenditure would be on revenue account, even though the advantage may endure for an indefinite future" Decided against Revenue.
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