2018 (10) TMI 854

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o one another:- 1. On the facts and circumstances of the appellant's case and in law the Ld. Commissioner of Income Tax erred in confirming the action of Ld. AO in disallowing a sum of Rs. 1,48,87,798/- on account of Repair and Maintenance expenses claimed as per the grounds stated in the order or otherwise. 2. The Appellant craves leaves to add, to amend, alter, modify and / or withdraw any or all of the above grounds of appeal, each of which are without prejudice to one another. The appellant prays this Hon'ble Tribunal to delete the additions/disallowance by the Ld. A.O and confirmed by the Ld. CIT(A)." 2. Brief facts of the case are that the Assessing Officer had noticed that the assessee had debited Rs. 380....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....red for upgradation, by renovating the existing make-up rooms. Ld. CIT-A held that such up-gradation, replacement and renovation will have enduring benefit. He further held that if there are extensive repairs they cannot be treated as current repairs. 4.Against the above order assessee is in appeal before us. 5.We have heard both the counsel and perused the records. We find that assessee has incurred expenditure on repairs and renovation in its existing premises. 76 existing make-up rooms have been repaired and renovated. From this it is evident that no new asset has come into existence. The existing make-up rooms have been renovated. The authorities below have found that the repairs are substantial, that they result in enduring benef....