Routine Repairs and Maintenance Costs Allowed u/s 37(1) as Non-Capital Expenses, Paid via Bank Account.

Routine Repairs and Maintenance Costs Allowed u/s 37(1) as Non-Capital Expenses, Paid via Bank Account. https://www.taxtmi.com/highlights?id=55080 Disallowing repairs and maintenance expense - The expenses reimbursed by the assessee have been paid through bank account and routine expenditure in nature. Therefore, none of the expenditure could be said to be capital in nature and hence, allowable expenditure u/s 37(1) - - AT en-us Fri, 09 Oct 2020 15:16:43 +0530 Fri, 09 Oct 2020 15:16:43 +0530 TaxTMI RSS Generator Routine Repairs and Maintenance Costs Allowed u/s 37(1) as Non-Capital Expenses, Paid via Bank Account. https://www.taxtmi.com/highlights?id=55080 Disallowing repairs and maintenance expense - The expenses reimbursed by the assessee have been paid through bank account and routine expenditure in nature. Therefore, none of the expenditure could be said to be capital in nature and hence, allowable expenditure u/s 37(1) - - AT Highlights Income Tax Fri, 09 Oct 2020 15:16:43 +0530 https://www.taxtmi.com/highlights?id=55080