https://www.taxtmi.com/caselaws?id=282427 The Tribunal ruled in favor of the assessee, directing the AO to treat repair and maintenance expenses as revenue expenditure, delete the disallowance under Section 14A, and delete the disallowance under Section 36(1)(iii). The decision highlighted the significance of expenses' nature and purpose in classification and stressed the need for proper satisfaction and evidence in disallowance determinations. en-us Mon, 23 May 2016 00:00:00 +0530 Wed, 07 Aug 2019 18:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282427 The Tribunal ruled in favor of the assessee, directing the AO to treat repair and maintenance expenses as revenue expenditure, delete the disallowance under Section 14A, and delete the disallowance under Section 36(1)(iii). The decision highlighted the significance of expenses' nature and purpose in classification and stressed the need for proper satisfaction and evidence in disallowance determinations. Case-Laws Income Tax Mon, 23 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282427