Large amount spent on repair and maintenance having no enduring benefit allowable as expense

DCIT Vs. Kalyanapur Cement Ltd. (ITAT Kolkata) Briefly stated facts are that assessee in the present case is a limited company and engaged in the manufacturing business of cement. The assessee in the year under consideration has claimed an expense of Rs. 32,44,228 under the head “major repairs” by debiting in profit and loss a/c. The assessee has treated such expenses as current repairs and claimed the deduction in the profit and loss a/c. However, the assessing officer was of the view that the major repair expenses require the replacement of the components used in the machinery to...