https://www.taxtmi.com/caselaws?id=284533 The ITAT Mumbai allowed the appeal of the assessee regarding the disallowance of expenditure on repairs to plant and machinery. The Tribunal considered the proportionality of the expenditure to the turnover, acknowledged accounting errors, and allowed deductions in subsequent years. The decision, based on accounting principles and precedents, favored the assessee, emphasizing the entitlement to claim deductions under certain circumstances. The judgment was pronounced on 15th March 2017 in favor of the assessee. en-us Wed, 15 Mar 2017 00:00:00 +0530 Mon, 25 Nov 2019 09:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284533 The ITAT Mumbai allowed the appeal of the assessee regarding the disallowance of expenditure on repairs to plant and machinery. The Tribunal considered the proportionality of the expenditure to the turnover, acknowledged accounting errors, and allowed deductions in subsequent years. The decision, based on accounting principles and precedents, favored the assessee, emphasizing the entitlement to claim deductions under certain circumstances. The judgment was pronounced on 15th March 2017 in favor of the assessee. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284533