ITAT Allows Office Running Expenses of Property Development & Leasing Company

Armasol Properties Pvt. Ltd. Vs ITO (ITAT Kolkata)

Introduction: In the case of Armasol Properties Pvt. Ltd. vs. ITO, the Income Tax Appellate Tribunal (ITAT) Kolkata ruled in favor of the assessee. This article provides a detailed analysis of the case, focusing on the allowance of running maintenance expenses under section 24(a) of the Income Tax Act.

Detailed Analysis: The dispute centered around the disallowance of certain expenses claimed by Armasol Properties Pvt. Ltd. The Assess

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