2015 (11) TMI 489

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.... Raj Kumar, Adv. For the Respondent : Shri Amresh Bedi, Sr. DR ORDER Per Kuldip Singh, JM The appellant Eco RRB Infra Pvt. Ltd. by filing the present appeal, sought to set aside the impugned order dated 02.09.2013 passed by Ld. CIT(A) XVIII, New Delhi for the Assessment Year 2010-2011 on the grounds inter alia that: "1) Ld. CIT(A) erred in confirming the revenue expenses of bu....

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....mpany has debited an amount of Rs. 55,65,812/- under the head "repair & maintenance towards building", and the assessee provided details. During scrutiny of details provided by the assessee, it has been noticed that the company has incurred the expenses of Rs. 6,51,641/- and Rs. 2,37,010/- on account of water proofing expenses. Vide order sheet entry dated 22.01.2013 the assessee was called upon t....

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.... appeal. 6. The assessee challenging the impugned order, contended that the expenditure to the tune of Rs. 7,96,187/- claimed by the assessee was purely of revenue in nature having been incurred on utter necessity and depreciation of Rs. 9,216/- on WEG land is also allowable. On the other hand, Ld. D.R. reiterated the contentions made before Ld. CIT(A) and relied upon the impugned order and pra....

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....curred at guests house for water proofing work on terrace is allowable as deduction u/s 30A(ii) of the Act. Similarly, Hon'ble Jurisdictional High Court in the judgement cited at CIT Vs Delhi Press Samachar Patra (P.) Ltd., 322 ITR 590 (Del.) affirmed the view taken by the Hon'ble Tribunal that in case assessee had incurred expenditures, only to preserve and maintain existing asset and tha....