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2014 (6) TMI 319 - AT - Income TaxNature of expenses – Revenue or not - Amount of repairs and maintenance expenses and furniture and fixtures – Held that:- Following Deputy Commissioner of Income Tax Versus M/s. Satguru Infocorp Services Pvt. Ltd. [2014 (6) TMI 170 - ITAT MUMBAI] - CIT(A) has rightly stated that considering the total block of furniture and fixtures, the repairs and maintenance expenditure 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 inherent higher maintenance expenditure as business centre are used by a large number of people for commercial purposes resulting in higher wear-and-tear of the furniture etc. – Relying upon CIT v/s A.M. Sanghvi [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, the order of the CIT(A) is upheld – Decided against Revenue.
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