2014 (6) TMI 529

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....alan, JM: This appeal filed by the Revenue is directed against the order of the Ld.CIT(A)-14, Mumbai dated 22.12.2010 for the Assessment Year 2007-09. 2. In this appeal, the revenue has agitated the action of the Ld.CIT(A) in deleting the disallowance/addition of Rs.19,96,293/- pertaining to the expenditure claimed by the assessee on account of repairs and maintenance by treating the same as....

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.... made by the AO on the reason that the expenditure incurred by the assessee had not resulted in bringing into existence of any new asset or any permanent or enduring benefit had accrued to the assessee. Aggrieved by the impugned decision, the Revenue is in appeal before us. 4. Having heard both the sides and perused the material on record, it is pertinent to mention that the details of the expe....

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....ated as revenue expenditure. It is noteworthy to point out that the Revenue has not contradicted the fact that no further appeal has been preferred by the Revenue before the High Court against the said decision of the Tribunal. In view of the fact that the Ld.CIT(A) has taken cognizance of the decision of the Tribunal in the assessee's own case and also has correctly appreciated the facts & positi....