https://www.taxtmi.com/caselaws?id=357867 The Tribunal ruled in favor of the assessee, determining that repair and maintenance expenses should be treated as revenue expenditure, not capital. The ad hoc disallowance of expenses due to non-production of vendors was reduced from 50% to 5% by the CIT(A) and ultimately deleted by the Tribunal. Additionally, the Tribunal upheld the CIT(A)'s decision to allow the Director's foreign travel expenses as business-related, rejecting the Revenue's appeals. en-us Fri, 23 Mar 2018 00:00:00 +0530 Wed, 28 Mar 2018 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357867 The Tribunal ruled in favor of the assessee, determining that repair and maintenance expenses should be treated as revenue expenditure, not capital. The ad hoc disallowance of expenses due to non-production of vendors was reduced from 50% to 5% by the CIT(A) and ultimately deleted by the Tribunal. Additionally, the Tribunal upheld the CIT(A)'s decision to allow the Director's foreign travel expenses as business-related, rejecting the Revenue's appeals. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357867