Section 32 applied only on capital expenditure not on revenue for any reason


Last updated: 12 November 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
That the Ld. Commissioner of Income Tax (A) erred on facts and in law in confirming the disallowance of ` 30,07,454/- made by the Assessing Officer in respect of expenditure on repairs and maintenance of building incurred by the appellant, holding the same to be capital expenditure.

Citation :
United Hotels Limited,The Ambassador Hotel, Sujan Singh Park, Cornwallis Road,New Delhi – 110 003 (Appellant) (PAN: AAACU0031C) Vs. Addl. Commissioner of Income Tax,Range-18, New Delhi (Respondent)

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CS Bijoy
Published in Income Tax
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