Repair & maintenance charges by lease-holder are revenue Expense

Shree Nirmal Commercial Ltd. Vs ITO (ITAT Mumbai)

At the outset, the Ld. Representative of the assessee has argued that the assessee was not the owner of the property, therefore, the expenses are not liable to be capitalized in any manner. It is also argued that the assessee is the lease-holder and only claiming the repair and maintenance charges, hence, the expenses are not liable to be capitalized in the interest of justice. In support of these contentions, the Ld. Representative of the assessee has placed reliance upon the decision in the case of Please become a Premium member. If you are already a Premium member, login here to access the full content.