Expenses incurred for maintenance of building structure owned by the assessee and for the safety of the employees is revenue in nature

DCIT, Baroda Vs Liberty Phosphate (ITAT Ahemdabad)- It was not in dispute that in respect of an another building at Udaipur, this assessee itself has capitalised the expenditure. However, the impugned repairs were in respect of an another factory building situated at F-227, Mewar Industrial Area Udaipur, wherein the company has carried out manufacturing of Fertiliser; namely, Single Super Phosphate. One of the ingredients of the said fertiliser is stated to be sulphuric acid. Due to acidic fumes the corrosion was high. The acidic fumes have harmed the civil structure. Repairs were preventive ...