https://www.taxtmi.com/caselaws?id=244351 The Tribunal dismissed the department's appeal regarding the disallowance of repairs and maintenance expenses for the assessment year 2008-09. It upheld the decision of the ld. CIT(A) to allow the revenue expenditure for renovation and repairs of existing premises, distinguishing it from capital expenditure. The Tribunal also confirmed the disallowance under section 14A of the Act for tax-free income earned by the assessee. However, it allowed the cross-objection on the issue of rebate computation under section 88E of the Act, directing a recalculation by the AO after providing the assessee with a hearing opportunity. en-us Wed, 19 Feb 2014 00:00:00 +0530 Mon, 24 Feb 2014 05:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244351 The Tribunal dismissed the department's appeal regarding the disallowance of repairs and maintenance expenses for the assessment year 2008-09. It upheld the decision of the ld. CIT(A) to allow the revenue expenditure for renovation and repairs of existing premises, distinguishing it from capital expenditure. The Tribunal also confirmed the disallowance under section 14A of the Act for tax-free income earned by the assessee. However, it allowed the cross-objection on the issue of rebate computation under section 88E of the Act, directing a recalculation by the AO after providing the assessee with a hearing opportunity. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244351