Nature of expenses - repairs and maintenance expenses - revenue ...

Case Laws Income Tax

February 22, 2023

Nature of expenses - repairs and maintenance expenses - revenue or capital expenditure - It is a fact that there was an existing factory shed. The assessee has merely renovated it to suit for his purposes. By doing so, no new asset has been created. It was merely repairs of the existing asset to make it suitable for the purposes of the assessee. - allowed as revenue expenditure - AT

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Nature of expenses - repairs and maintenance expenses - revenue ...

Case Laws Income Tax

February 22, 2023

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