https://www.taxtmi.com/caselaws?id=119249 The tribunal partly allowed the appeal, ruling in favor of the appellant regarding the classification of repair and maintenance expenses as revenue expenditure, directing the assessing authority to treat them as such and withdraw any previously granted depreciation. However, it upheld the decisions of the lower authorities on other issues, denying depreciation on the premium paid for acquiring office premises, and maintaining the disallowance of motor car and telephone expenses due to lack of detailed records to distinguish personal from business use. en-us Wed, 19 Sep 2007 00:00:00 +0530 Fri, 02 Feb 2024 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119249 The tribunal partly allowed the appeal, ruling in favor of the appellant regarding the classification of repair and maintenance expenses as revenue expenditure, directing the assessing authority to treat them as such and withdraw any previously granted depreciation. However, it upheld the decisions of the lower authorities on other issues, denying depreciation on the premium paid for acquiring office premises, and maintaining the disallowance of motor car and telephone expenses due to lack of detailed records to distinguish personal from business use. Case-Laws Income Tax Wed, 19 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119249