https://www.taxtmi.com/caselaws?id=200554 The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to allow expenditures under repairs and maintenance as revenue if similar to those allowed in previous years. The ITAT held that expenses incurred in the profit-earning process should be treated as revenue expenditure, distinguishing between revenue and capital expenditures for various items like repair of chairs and marble flooring. The department's appeal was treated as allowed for statistical purposes, and the matter was remitted back to the AO for further verification of the nature of expenditures claimed under repairs and maintenance. en-us Wed, 07 Nov 2012 00:00:00 +0530 Wed, 04 Apr 2018 10:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200554 The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to allow expenditures under repairs and maintenance as revenue if similar to those allowed in previous years. The ITAT held that expenses incurred in the profit-earning process should be treated as revenue expenditure, distinguishing between revenue and capital expenditures for various items like repair of chairs and marble flooring. The department's appeal was treated as allowed for statistical purposes, and the matter was remitted back to the AO for further verification of the nature of expenditures claimed under repairs and maintenance. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200554