https://www.taxtmi.com/caselaws?id=286284 The Assessee appealed against the disallowance of Rs. 30,07,454 as capital expenditure for repairs and maintenance, treated as enduring benefits by the Assessing Officer. The Assessee argued the expenditure was for ongoing operations, not creating additional assets. The Tribunal found the expenditure revenue in nature, preserving existing assets, and enhancing efficiency. Relying on case law, the Tribunal ruled in favor of the Assessee, overturning the disallowance. The appeal was allowed, and the expenditure was deemed revenue, maintaining existing assets without adding to the hotel's space or capacity. en-us Wed, 19 Sep 2012 00:00:00 +0530 Wed, 19 Feb 2020 11:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286284 The Assessee appealed against the disallowance of Rs. 30,07,454 as capital expenditure for repairs and maintenance, treated as enduring benefits by the Assessing Officer. The Assessee argued the expenditure was for ongoing operations, not creating additional assets. The Tribunal found the expenditure revenue in nature, preserving existing assets, and enhancing efficiency. Relying on case law, the Tribunal ruled in favor of the Assessee, overturning the disallowance. The appeal was allowed, and the expenditure was deemed revenue, maintaining existing assets without adding to the hotel's space or capacity. Case-Laws Income Tax Wed, 19 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286284