Held that the Tribunal is justified in deleting addition on account of disallowance of expenses on repairs and maintenance of stores and spares and contribution/ donation to trust, is allowable as revenue expenditure. However the amount written off of new project, the question of law is admitted.(AY. 2011-12)
PCIT v. Gujarat State Fertilizers And Chemicals Ltd. (2024)470 ITR 363 (Guj) (HC)
S. 37(1) : Business expenditure-Expenses incurred on repairs and maintenance of stores-Allowable as revenue expenditure-Donation to Trust-Sardar-Allowable as deduction-Amount written off of new project, the question of law is admitted. [S.80G, 260A]
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