Current repairs u/s 31- repair / replacement of damaged ...

Expenditure for Transformer Repair Allowed u/s 31: Restoration, Not New Acquisition or Long-Term Gain.

November 10, 2011

Case Laws Income Tax HC

Current repairs u/s 31- repair / replacement of damaged transformer - Held that:- it was case of restoration of its existing capabilities and not a case of acquisition of new asset or obtaining any advantage of enduring nature - claim of expenditure allowed.... - HC

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Current repairs u/s 31- repair / replacement of damaged ...

Expenditure for Transformer Repair Allowed u/s 31: Restoration, Not New Acquisition or Long-Term Gain.

November 10, 2011

Case Laws Income Tax HC

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