2014 (6) TMI 117

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....BINU MATHEW, SRI.TOM THOMAS (KAKKUZHIYIL), SRI.ABRAHAM JOSEPH MARKOS, SRI.ABRAHAM VARGHESE THARAKAN. FOR THE RESPONDENT : SRI. JOSE JOSEPH, SC, INCOME TAX JUDGEMENT A. M. Shaffique J.- This appeal is filed against the order passed by the Income-tax Appellate Tribunal, Cochin Bench, in I. T. A. No. 256/Coch/ 2013. The assessment year under consideration is 2007-08. 2. The facts invol....

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....piry of the lease period has to be construed as holding over of the property after expiry of the lease period. Therefore, there is no question of allowing the written down value and the cost of construction as "current repairs". Further, it is found that, "current repairs" is an expenditure incurred by the assessee for the purpose of maintaining machinery, building, etc., used for the purpose of b....