https://www.taxtmi.com/caselaws?id=449890 ITAT Delhi held that repair maintenance and store space expenses cannot be automatically treated as capital expenditure without proper verification. The tribunal found that AO failed to verify whether expenses were for routine upkeep or major repairs creating enduring benefits. The case was remanded to AO for fresh examination to determine the nature and extent of repairs. However, road repair expenses were deemed allowable as revenue expenditure since the assessee was not the road owner. The appeal was allowed for statistical purposes with directions for proper verification. en-us Tue, 20 Feb 2024 00:00:00 +0530 Wed, 21 Feb 2024 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449890 ITAT Delhi held that repair maintenance and store space expenses cannot be automatically treated as capital expenditure without proper verification. The tribunal found that AO failed to verify whether expenses were for routine upkeep or major repairs creating enduring benefits. The case was remanded to AO for fresh examination to determine the nature and extent of repairs. However, road repair expenses were deemed allowable as revenue expenditure since the assessee was not the road owner. The appeal was allowed for statistical purposes with directions for proper verification. Case-Laws Income Tax Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449890