Scope of the term Current Repairs - Disallowance of the cost of ...

Income Tax

November 4, 2013

Scope of the term Current Repairs - Disallowance of the cost of chamber assembly – Replacing compressor in the air-condition machine and picture tube in the television set would come within the connotation of “current repairs“ under section 31(i) - AT

View Source

← Previous Next →

Scope of the term Current Repairs - Disallowance of the cost of ...

Income Tax

November 4, 2013

You may also like:

Current repairs – assessee cannot claim the benefit of written down value of the cost of construction which he had incurred under the head Current repairs - HC

Expenditure for repairs and maintenance to plant & machinery - If the expenditure incurred by the assessee would not result in replacement of old machinery with new,...

Deduction u/s 31 - current repair to machinery or plant - replacement of parts -The mere fact that the new parts are different from those that were replaced, in terms of...

Current Repairs - ‘Nature & Treatment’ of expense

Revenue or capital expenditure - current repairs u/s 31 - overhead expenditure on construction - deductionallowed - AT

Expenditure incurred for modernisation / replacement of machinery is not "current repairs" u/s 31(i) - SC

Nature of expenditure - current repairs - cost of replacement of machineries like Motor Rollers, Spindles, Gears etc. in the Textile Mill - the replacement of the...

Nature of expenditure - current repairs - Replacement of an old machine with a new one would constitute the bringing into existence of a new asset in place of the old...

Claim of deduction as Current repairs u/s 31 - when each of the Department/Division perform different functions, repair/substitution of an old machine will not come...

Nature of expenses - repair and maintenance - revenue or capital expenditure - current repair u/s 30 - treatment of expenses incurred on renovation and refurbishment of...

Disallowances under section 30(1) - expenditure incurred on repair and renovation of renting premises allowed - HC

Provision for warranty - Tribunal has examined the relevant clause in the terms and conditions and found that the warranty clause is in-built in the guarantee clause...

Waiver of pre-deposit - Scope of term 'undue hardship' - - AT

Adjustment of excess amount of service tax paid - Scope of the term subsequent period

Scope of the term "fiduciary capacity" - Benami Transactions (Prohibition) Act, 1988 - SC

Quick Updates: