https://www.taxtmi.com/caselaws?id=188528 The Tribunal allowed the appeal filed by the Assessee, overturning the disallowance of the expenditure claimed on repairs and maintenance of building, plant, and machinery. The Tribunal ruled that the expenses were revenue in nature, necessary for running the business, and not conferring enduring benefits. Consequently, the Tribunal directed the AO to allow the claimed expenditure as revenue expenditure, leading to the deletion of the additions sustained/made by the Ld.CIT(A)/AO. en-us Thu, 28 Aug 2014 00:00:00 +0530 Mon, 05 Dec 2016 09:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188528 The Tribunal allowed the appeal filed by the Assessee, overturning the disallowance of the expenditure claimed on repairs and maintenance of building, plant, and machinery. The Tribunal ruled that the expenses were revenue in nature, necessary for running the business, and not conferring enduring benefits. Consequently, the Tribunal directed the AO to allow the claimed expenditure as revenue expenditure, leading to the deletion of the additions sustained/made by the Ld.CIT(A)/AO. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188528