Disallowing 100% of repairs & maintenance expenditure of ...

AO Reclassifies Repairs and Maintenance: 65% as Capital Expenditure, 35% as Revenue Expenditure Qualifying for Depreciation.

March 25, 2017

Case Laws Income Tax AT

Disallowing 100% of repairs & maintenance expenditure of buildings and plant & machinery - AO directed to treat 65% of the impugned claims as capital expenditure entitled for depreciation and balance 35% as revenue expenditure. - AT

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Disallowing 100% of repairs & maintenance expenditure of ...

AO Reclassifies Repairs and Maintenance: 65% as Capital Expenditure, 35% as Revenue Expenditure Qualifying for Depreciation.

March 25, 2017

Case Laws Income Tax AT

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