https://www.taxtmi.com/caselaws?id=328576 The Tribunal upheld the decision of the Ld. CIT(A) regarding the treatment of expenditure on repair and maintenance as revenue expenditure. The expenses incurred on rented premises were found to be routine in nature, providing no enduring benefit or acquisition of capital assets. The Tribunal rejected the revenue's arguments and dismissed the appeal, confirming that the expenses were allowable under relevant sections of the Income Tax Act. The order was pronounced on 2nd June, 2016. en-us Thu, 02 Jun 2016 00:00:00 +0530 Fri, 12 Aug 2016 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328576 The Tribunal upheld the decision of the Ld. CIT(A) regarding the treatment of expenditure on repair and maintenance as revenue expenditure. The expenses incurred on rented premises were found to be routine in nature, providing no enduring benefit or acquisition of capital assets. The Tribunal rejected the revenue's arguments and dismissed the appeal, confirming that the expenses were allowable under relevant sections of the Income Tax Act. The order was pronounced on 2nd June, 2016. Case-Laws Income Tax Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328576