Case Law Details
Case Name : Garve Motors Pvt. Ltd. Vs ACIT (ITAT Pune)
Appeal Number : ITA No. 776/Pun/2018
Date of Judgement/Order : 07/10/2022
Related Assessment Year : 2013-14
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Garve Motors Pvt. Ltd. Vs ACIT (ITAT Pune)
ITAT Pune held that repairs & maintenance expenditure incurred in rented workshop and showroom is revenue expenditure and allowable as deduction under section 30(a)(i) of the Income Tax Act,1961
Facts-
Two short issues arising for our consideration, one as to what constitutes sufficiency of interest free funds entitling diversion thereof to sister concern as such? And second as to when repairs & maintenance expenditure to tantamount capital expenditure?
Conclusion-
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