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2018 (10) TMI 854 - AT - Income TaxDisallowance on account of Repair and Maintenance expenses - nature of expenses - revenue or capital - Held that:- We find that assessee has incurred expenditure on repairs and renovation in its existing premises. 76 existing make-up rooms have been repaired and renovated. From this it is evident that no new asset has come into existence. The existing make-up rooms have been renovated. The authorities below have found that the repairs are substantial, that they result in enduring benefit and that they are not current repairs. We find that as noted no new asset has come into existence. What the assessee has done is that existing make-up rooms have been renovated . This included replacement of urinal pans , removal of plaster, replacement of doors and windows, waterproofing treatment etc. In our considered opinion these expenditure cannot be said to be capital in nature and hence they are duly qualified for revenue expenditure. - decided in favour of assessee.
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