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2022 (11) TMI 734 - HC - Income TaxNature of expenditure - expenses on repairs/ renovates - revenue or capital expenditure - HELD THAT:- The judgement of Hi Line Pens [2008 (9) TMI 25 - HIGH COURT DELHI] discusses the nature of expenses which are substantially similar to those of the appellant. The Judgement of M/s instalment Supply [1983 (9) TMI 67 - DELHI HIGH COURT] states that in the absence of a capital asset being created the nature of the expense for business has to be of a revenue nature. Keeping in view the aforesaid judgments the expenses indicated are held to be expenses of revenue nature and allowable revenue expenditure to the appellant. We find that the findings recorded by the CIT (Appeal) as affirmed by the Income Tax appellate Tribunal are findings of fact based on consideration of relevant material on record. The CIT (A) and the Tribunal have came to the conclusion that by incurring the aforesaid expenditure no new asset has come into existence. No substantial question of law.
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