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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Nature expenditure incurred on repairs and maintenance - This ...


Imported Coal Repairs Classified as Revenue Expenditure Due to High Volatile Matter and Low Ash Content Impact on Ovens.

March 18, 2016

Case Laws     Income Tax     AT

Nature expenditure incurred on repairs and maintenance - This repair necessitated due to use of high V.M. and low ash contents of imported coal, which resulted in increase in temperature, repair had to be done by using good quality of fire bricks to safeguard the ovens from melting, bending and other damages - allowed as revenue expenditure - AT

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