https://www.taxtmi.com/caselaws?id=337541 The ITAT dismissed the Revenue's Appeal and allowed the Assessee's Appeal regarding the treatment of repair and maintenance expenses. The ITAT found that the expenses in question were revenue in nature and not capital expenditures, leading to the dismissal of the Revenue's grounds for disallowance. The Assessee's appeal was successful in challenging the characterization of routine repair expenses as capital expenditure, with the ITAT determining that such expenses should be treated as repair and maintenance costs. en-us Mon, 09 Jan 2017 00:00:00 +0530 Mon, 09 Jan 2017 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337541 The ITAT dismissed the Revenue's Appeal and allowed the Assessee's Appeal regarding the treatment of repair and maintenance expenses. The ITAT found that the expenses in question were revenue in nature and not capital expenditures, leading to the dismissal of the Revenue's grounds for disallowance. The Assessee's appeal was successful in challenging the characterization of routine repair expenses as capital expenditure, with the ITAT determining that such expenses should be treated as repair and maintenance costs. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337541