Entity Challenges 40% Disallowance of Building Maintenance Expenses; Seeks Reduction to 10% for Sub-Leasing Operations.

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....Addition of Building maintenance expenses - assessee is carrying on sub-letting activity on the buildings taken on rent. Hence the expenses incurred on building should be mainly on maintenance activities only - the disallowance of 40% of expenses on the higher side. - the disallowance may be restricted to 10% of the expense claimed - AT....