2014 (6) TMI 117

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..... ZHIYIL), SRI.ABRAHAM JOSEPH MARKOS, SRI.ABRAHAM VARGHESE THARAKAN. FOR THE RESPONDENT : SRI. JOSE JOSEPH, SC, INCOME TAX JUDGEMENT A. M. Shaffique J.- This appeal is filed against the order passed by the Income-tax Appellate Tribunal, Cochin Bench, in I. T. A. No. 256/Coch/ 2013. The assessment year under consideration is 2007-08. 2. The facts involved in the case would show that the assessee .....

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..... holding over of the property after expiry of the lease period. Therefore, there is no question of allowing the written down value and the cost of construction as "current repairs". Further, it is found that, "current repairs" is an expenditure incurred by the assessee for the purpose of maintaining machinery, building, etc., used for the purpose of business and, therefore, it cannot be the written .....

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