Addition of repairs for excavation of pond, purchase of wood ...

Pond Excavation and Material Costs Classified as Revenue Expenses, Deductible as Repairs Under Tax Rules.

July 8, 2015

Case Laws     Income Tax     AT

Addition of repairs for excavation of pond, purchase of wood shaft, ply, Burma teak wood, tiles etc. - revenue v/s capital expenditure - the impugned repair expenditure would amount to a revenue expense and it would qualify for deduction as repairs and maintenance - AT

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