https://www.taxtmi.com/caselaws?id=182255 The Tribunal held that hoarding expenses incurred by the assessee were revenue expenditures necessary for regular maintenance, not providing enduring capital benefits. The disallowance of Rs. 7,94,399 by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) was deleted. The Tribunal considered the recurring nature of the expenditure and the need for maintenance to prevent corrosion and weathering effects, concluding it was revenue in nature. Therefore, the appeal of the assessee was allowed. en-us Thu, 31 Jul 2014 00:00:00 +0530 Fri, 06 May 2016 11:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182255 The Tribunal held that hoarding expenses incurred by the assessee were revenue expenditures necessary for regular maintenance, not providing enduring capital benefits. The disallowance of Rs. 7,94,399 by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) was deleted. The Tribunal considered the recurring nature of the expenditure and the need for maintenance to prevent corrosion and weathering effects, concluding it was revenue in nature. Therefore, the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182255