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

Case Laws Income Tax

March 25, 2017

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

View Source

← Previous Next →

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

Case Laws Income Tax

March 25, 2017

You may also like:

Expenditure for repairs and maintenance to plant & machinery - If the expenditure incurred by the assessee would not result in replacement of old machinery with new,...

Nature of expenditure - reconditioning/repair of plant and machinery - so long as only part of the machinery has been replaced as in the instant case to preserve and...

Eligibility for cenvat credit - repair and maintenance of plant and machinery - any inputs used for repair and maintenance would be eligible for cenvat credit - AT

Expenditure incurred for modernisation / replacement of machinery is not "current repairs" u/s 31(i) - SC

The Supreme Court interpreted clauses (c) and (d) of sub-section (5) of Section 17 of the Central Goods and Services Tax Act, 2017. Regarding clause (c), the Court held...

Determination of value u/s 50C - Validity of order of CIT(A) directing the AO to recalculate the capital gain on sale of land taking total value of property of Rs. 6.05...

Input tax credit - land filling pit can be considered as ‘Plant and machinery’ or as ‘civil structure’ - In the second explanation given in Section 17, while providing...

Input tax credit - inputs / capital goods / input services - Solar Power Generating Plant of the applicant qualify as 'plant and machinery' as it falls under machinery -...

Building repair expenditure - The building is completed in the present year because depreciation is duly allowed by the AO with regard to such new mill building, then...

Classification of services - Management, Maintenance or Repair service or otherwise? - Activity of operation and maintenance of power plants - monitoring plant equipment...

Management, Maintenance or Repair Service - Software Services Agreement - repair and maintenance of software - stay granted - AT

Assessee Company engaged in the business of manufacturing & selling of cement - Incurred expenditure on major repairs & maintenance amounting to ₹ 2.70 crores - As...

Cenvat Credit - welding electrodes - goods used for repair & maintenance of plant and machinery are eligible for Cenvat Credit - AT

Assessee is entitled to avail input credit on welding electrodes which has been used for repair and maintenance of plant and machinery - AT

Cenvat Credit - welding electrodes used for repair and maintenance of the plant and machinery - Credit allowed. - AT

Quick Updates: