https://www.taxtmi.com/caselaws?id=172422 The department's appeal for the assessment year 2006-07 was dismissed. The disallowance of repairs expenditure was found to be unjustified as the items purchased were for current repairs, not capital assets. The addition under section 2(22)(e) of the Income Tax Act was deleted since the recipient was not a registered shareholder of the company. The Tribunal upheld the CIT(A)'s decision, leading to the revenue's appeal being dismissed. en-us Wed, 13 Apr 2011 00:00:00 +0530 Fri, 21 Aug 2015 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172422 The department's appeal for the assessment year 2006-07 was dismissed. The disallowance of repairs expenditure was found to be unjustified as the items purchased were for current repairs, not capital assets. The addition under section 2(22)(e) of the Income Tax Act was deleted since the recipient was not a registered shareholder of the company. The Tribunal upheld the CIT(A)'s decision, leading to the revenue's appeal being dismissed. Case-Laws Income Tax Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172422