1997 (1) TMI 33 - HC - Income Tax

Summary

The High Court of Kerala ruled that repair charges for a motor car and jeep are not subject to disallowance under section 37(3A) of the Income-tax Act, 1961. The court clarified that such expenses fall under section 31 and are not considered as running and maintenance expenditure under section 37(3A). The judgment favored the assessee and directed the Income-tax Appellate Tribunal to exclude these repair charges from computation.