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Current Repais on Building.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 October 2010 Business is run in a Building which is not shown in Fixed Assets Schedule of the Firm. Whether Repairs on that building is an allowable expenditure. Any case law in support of the view?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
12 October 2010 Yes It is allowable expenditure.
Instalment Supply (P.) Ltd. v. CIT [1984] 149 ITR 52 (Delhi).
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taxindiaconnect

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taxindiaconnect (Expert)
12 October 2010 Agreed with Sanat, the current repairs to a rented premise is an allowable expenditure.
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