2010 (2) TMI 191 - HC - Income Tax

Capital or Revenue Expenditure- The Assessing Officer as well as the Commissioner of Income- tax (Appeals) had disallowed the said amounts on the ground that they did not constitute revenue expenditure but were of a capital nature and were certainly not current repairs. The Tribunal, however, has reversed the said finding. Held that- These are pure findings of fact which do not call for any interference on our part. No substantial question of law arises for our consideration. The appeal is dismissed.

Summary

The High Court dismissed the Revenue's appeal against the Tribunal's order related to disallowed expenses for repairs and maintenance of a golf course, stating that the expenses were not of a capital nature but constituted revenue expenditure. The Tribunal's findings were upheld as pure findings of fact. No substantial question of law arose for consideration.