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2014 (6) TMI 170 - AT - Income TaxNature of expenses – Capital or not - Purchases of timbers and laminations for repairs and maintenance of furniture and fixtures – Held that:- CIT(A) has rightly stated that considering the total block of furniture and fixtures amounting to Rs. 5.25 crores, the repairs and maintenance expenditure of Rs. 60 lakhs could not be stated to be unreasonable, particularly when the furniture and fixtures were being used for business centre - furniture and fixtures at business centre require inherently higher maintenance expenditure as business centres are used by a large number of people for commercial purposes resulting in higher wear-andtear of the furniture etc. - the assessee itself had capitalized a sum of Rs. 28 lakhs approximately on account of new furniture and fixture - Relying upon CIT vs. A.M. Singhvi [2007 (8) TMI 265 - RAJASTHAN HIGH COURT] - even if the substantial amount is spent on repairs and renovation of office premises taken on rent, it is to be allowed as revenue expenditure because no capital asset is acquired by the assessee – thus, there was no infirmity in the order of CIT(A) – Decided against Revenue.
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