https://www.taxtmi.com/caselaws?id=206605 The ITAT partly allowed the revenue's appeals, addressing disallowances and additions related to repair and maintenance expenses, club membership fees, interest charged under section 234C, and notional interest. The ITAT differentiated between revenue and capital expenditures, following legal precedents and tax laws interpretations. The decision emphasized consistency and adherence to previous rulings, ultimately leading to the dismissal of certain grounds raised by the revenue. en-us Mon, 18 Oct 2010 00:00:00 +0530 Wed, 09 Nov 2011 07:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206605 The ITAT partly allowed the revenue's appeals, addressing disallowances and additions related to repair and maintenance expenses, club membership fees, interest charged under section 234C, and notional interest. The ITAT differentiated between revenue and capital expenditures, following legal precedents and tax laws interpretations. The decision emphasized consistency and adherence to previous rulings, ultimately leading to the dismissal of certain grounds raised by the revenue. Case-Laws Income Tax Mon, 18 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206605