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Case Law Details

Case Name : Klaus Multiparking Systenms Pvt. Vs DCIT (ITAT Pune)
Appeal Number : ITA No. 385/PUN/2019
Date of Judgement/Order : 13/01/2023
Related Assessment Year : 2015-2016
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Klaus Multiparking Systenms Pvt. Vs DCIT (ITAT Pune)

ITAT Pune held that expenditure incurred on repairs and renovation of the asset is revenue expenditure as no new asset has been created.

Facts- It is mentioned in the assessm

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