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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Deduction of repairs & maintenance expenses - Revenue or capital ...

Income Tax

February 9, 2021

Deduction of repairs & maintenance expenses - Revenue or capital expenditure - CIT(A) has deleted the disallowance without examining the details of expenses. In effect, both the tax authorities have not examined the nature of expenses incurred by the assessee under the head 'repairs & maintenance' - This issue also requires fresh examination at the end of the A.O. - AT

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