https://www.taxtmi.com/caselaws?id=336700 The Tribunal allowed the appeal against the disallowance of repairs and maintenance expenses treated as capital expenditure for the assessment year 2010-11. The Tribunal held that the expenses were current repairs under section 30 of the Income Tax Act and should not be treated as capital expenditure, contrary to the Assessing Officer's decision. Adjustments were directed regarding the depreciation allowed by the Revenue, favoring the assessee in this case. en-us Mon, 31 Oct 2016 00:00:00 +0530 Tue, 27 Dec 2016 19:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336700 The Tribunal allowed the appeal against the disallowance of repairs and maintenance expenses treated as capital expenditure for the assessment year 2010-11. The Tribunal held that the expenses were current repairs under section 30 of the Income Tax Act and should not be treated as capital expenditure, contrary to the Assessing Officer's decision. Adjustments were directed regarding the depreciation allowed by the Revenue, favoring the assessee in this case. Case-Laws Income Tax Mon, 31 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336700