https://www.taxtmi.com/caselaws?id=399389 The Tribunal partially allowed the appeal, ruling in favor of the assessee. The disallowance of repairs and maintenance expenses was overturned due to the nature of the expenditure being revenue-related. Similarly, the disallowance of deferred revenue expenditure was reversed as the expenses were found to be routine and revenue-related. The Tribunal also deleted the interest charged under section 234B, granting the refund claimed by the assessee. The decision was issued by the Appellate Tribunal ITAT Mumbai on 7th October 2020. en-us Wed, 07 Oct 2020 00:00:00 +0530 Fri, 09 Oct 2020 15:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399389 The Tribunal partially allowed the appeal, ruling in favor of the assessee. The disallowance of repairs and maintenance expenses was overturned due to the nature of the expenditure being revenue-related. Similarly, the disallowance of deferred revenue expenditure was reversed as the expenses were found to be routine and revenue-related. The Tribunal also deleted the interest charged under section 234B, granting the refund claimed by the assessee. The decision was issued by the Appellate Tribunal ITAT Mumbai on 7th October 2020. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399389