https://www.taxtmi.com/caselaws?id=36599 The High Court of Punjab and Haryana determined that the sum claimed by a limited company for general repairs at its branch office should be treated as revenue expenditure. The Court upheld the Appellate Tribunal's decision that the expenditure was allowable as business expenditure, emphasizing the repairs' frequent and necessary nature. The Court rejected the revenue's argument that the repairs should be classified as capital expenditure, as no specific items indicated a capital nature. Consequently, the Court ruled in favor of the assessee, affirming the Tribunal's decision. en-us Wed, 16 Jul 1980 00:00:00 +0530 Tue, 23 Mar 2010 13:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36599 The High Court of Punjab and Haryana determined that the sum claimed by a limited company for general repairs at its branch office should be treated as revenue expenditure. The Court upheld the Appellate Tribunal's decision that the expenditure was allowable as business expenditure, emphasizing the repairs' frequent and necessary nature. The Court rejected the revenue's argument that the repairs should be classified as capital expenditure, as no specific items indicated a capital nature. Consequently, the Court ruled in favor of the assessee, affirming the Tribunal's decision. Case-Laws Income Tax Wed, 16 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36599