Current Repais on Building.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2010
Business is run in a Building which is not shown in Fixed Assets Schedule of the Firm. Whether Repairs on that building is an allowable expenditure. Any case law in support of the view?
12 October 2010
Yes It is allowable expenditure.
Instalment Supply (P.) Ltd. v. CIT [1984] 149 ITR 52 (Delhi).
Instalment Supply (P.) Ltd. v. CIT [1984] 149 ITR 52 (Delhi).
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12 October 2010
Agreed with Sanat, the current repairs to a rented premise is an allowable expenditure.
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