https://www.taxtmi.com/caselaws?id=15870 The court upheld the disallowance of repair expenses for a public limited company engaged in white cement production under section 37(3A) of the Income-tax Act, 1961. The Income-tax Appellate Tribunal, Cochin Bench, ruled in favor of the Revenue, rejecting the argument for allowing repair expenses as running and maintenance costs. The judgment emphasized the exclusion of repair expenses from section 37 and highlighted the distinction between allowable and disallowable expenses for business purposes. The court directed the Tribunal to take necessary actions based on the decision, affirming the interpretation of section 37(3A in the context of disallowing repair expenses. en-us Wed, 06 Nov 1996 00:00:00 +0530 Sat, 29 Aug 2009 16:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15870 The court upheld the disallowance of repair expenses for a public limited company engaged in white cement production under section 37(3A) of the Income-tax Act, 1961. The Income-tax Appellate Tribunal, Cochin Bench, ruled in favor of the Revenue, rejecting the argument for allowing repair expenses as running and maintenance costs. The judgment emphasized the exclusion of repair expenses from section 37 and highlighted the distinction between allowable and disallowable expenses for business purposes. The court directed the Tribunal to take necessary actions based on the decision, affirming the interpretation of section 37(3A in the context of disallowing repair expenses. Case-Laws Income Tax Wed, 06 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15870