Nature of road repairs expenses - assessee is required to incur ...

Income Tax

February 3, 2016

Nature of road repairs expenses - assessee is required to incur expenditure every year to maintain the road of huge stretch shows that the assessee is not enjoying enduring benefit. - Claim allowed as revenue expenditure - AT

View Source

← Previous Next →

Nature of road repairs expenses - assessee is required to incur ...

Income Tax

February 3, 2016

You may also like:

Disallowance of leasehold improvement expenditure - the repair expenses incurred by the assessee, which have been termed as leasehold improvement, are revenue...

Advertisement and marketing expenses – Trading expenses or not - very year, the assessee has been incurring substantial expenditure on advertisements - It is an...

Provision for accounting and auditing expenses - If the assessee is following this practice consistently, then it is revenue neutral because every year this expenditure...

Expenses incurred for reconditioning of over aged buses – body, engine of the buses are not replaced, but it is only repairing of ware and tare - expenditure are revenue...

The expenditure incurred on such repair and maintenance of approach roads of godowns has not resulted in creation of any capital asset - AT

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

Nature of expenditure - Allowable business expenditure or personal expenditure - education expenses of the daughter - With the logic advanced by assessee, every...

Nature of franchise expenses – it was not an expenditure incurred for acquisition of source of profit, but enabled the assessee to run the business profitably - held as...

Expense incurred upon construction of the drain for release of effluents have conferred benefit of an enduring nature upon the assessee - held as capital expenditure and...

Expenses incurred on temporary repairs and maintenance on leased premises are in the nature of revenue - AT

Quick Updates: